Demystifying Cummins: Insights From 4 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Cummins (NYSE:CMI) has been reviewed by 4 analysts in the past three months, with ratings ranging from somewhat bullish to somewhat bearish. The average 12-month price target is $247.75, down from the previous $249.00. Analysts from B of A Securities, JP Morgan, and Morgan Stanley have adjusted their price targets and ratings, reflecting their views on Cummins' market position and financial performance. Cummins is a leading manufacturer of diesel engines and powertrain components, facing competition and regulatory challenges but showing strong revenue growth and financial health.
January 19, 2024 | 1:00 pm
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NEUTRAL IMPACT
Cummins has received mixed analyst ratings with a slight decrease in the average price target to $247.75. The company shows strong revenue growth and financial health but faces challenges in ROE and competition.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on CMI's stock price. The strong revenue growth and financial health indicators are positive, but the lowered price targets and concerns over ROE may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100