Cummins Inc. (NYSE:CMI) was upgraded by research analysts at
Longbow Research from a “neutral” rating to a “buy” rating in a note issued to
investors on Thursday. The firm presently has a $165.00 target price on the
stock. Longbow Research’s price target points to a potential upside of 17.94%
from the stock’s current price.
A number of other analysts have also weighed in on the
company. BMO Capital Markets reissued a “hold” rating and set a $150.00 price
objective on shares of Cummins in a research note on Friday, January 13th.
Barclays PLC raised Cummins from an “underweight” rating to an “equal weight”
rating and raised their price target for the stock from $108.00 to $135.00 in a
research note on Monday, January 9th. Vetr raised Cummins from a “sell” rating
to a “buy” rating and set a $144.50 price target for the company in a research
note on Monday, December 19th. Evercore ISI raised Cummins from a “hold” rating
to a “buy” rating and raised their price target for the stock from $113.00 to
$144.00 in a research note on Monday, November 7th. Finally, Stifel Nicolaus
reaffirmed a “hold” rating and issued a $109.00 price target (up previously
from $103.00) on shares of Cummins in a research note on Wednesday, November
2nd. Two investment analysts have rated the stock with a sell rating, fourteen
have issued a hold rating and eight have given a buy rating to the stock.
Cummins presently has an average rating of “Hold” and an average price target
of $124.26.
Source: The Cerbat Gem
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