Goldman Sachs Maintains Neutral on Cummins, Raises Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich has maintained a Neutral rating on Cummins (NYSE:CMI) and raised the price target from $241 to $270.
August 04, 2023 | 3:30 pm
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NEUTRAL IMPACT
Goldman Sachs has maintained a Neutral rating on Cummins and raised the price target from $241 to $270.
The news is directly about Cummins and is likely to influence investor sentiment. The raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at the moment. Therefore, the short-term impact on the stock price is expected to be neutral.
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IMPORTANCE 80
RELEVANCE 100