JetBlue Airways Corporation, 3M, Boeing, among others, are the industrials stocks approaching important price targets.

Yesterday's session summary: Leading equity indices in the US declined as Nasdaq closed at 11,400, a 1.69% change. After dropping 1.02%, Dow Jones closed at 32,817.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Let's review some industrials stocks and their price targets.

JetBlue Airways now at $8.15 | Forthcoming price target: 13 cents lower at $8.02

JetBlue Airways Corporation's downtrend might be halted by its support level at $8.02, which is only 13 cents away.

Having fallen 50 cents in 7 days, yesterday's session continued the recent downtrend: early in yesterday's session, JetBlue dropped to $7.96 from $8.27 at the end of Thursday, before closing at $8.15. During the session, it lost 1.45%. The day's trading volume totalled 5.75 million shares — below the 21-day average of 8.78 million.

3M (MMM) Price target: $106.86 | Last price: $107.8 | Daily range: $106.76 – $108.54

3M's bearish trend is facing a possible turning point at $106.86, which is only 94 cents away. Will be interesting to follow.

Having fallen $6.37 in 9 days, yesterday's session continued down the same path: after ending Thursday at $108.91, 3M dropped to $106.76 early in yesterday's session and closed at $107.8. In total, it lost 1.02%. Yesterday's trading volume was 2.39 million shares which is slightly under the 21-day average of 3.26 million.

Boeing | Price Target: $196.44 approx $1.71 away; Current Price: $198.15 Session Low: $197.38 Session High: $201.7 | Off Hours: $197.74

A persuasive break of this target could lead to higher losses.

Having fallen $10.32 in 8 days, more of the same from yesterday's session: early in yesterday's session, Boeing dropped to $197.38 from $208.13 at the end of Thursday, before closing at $198.15. During the session, it lost 4.8%. Daily trading volume (9.19 million shares) increased, making up 161% of the 21-day average (5.72 million).