UBS Upgrades Cummins to Buy, Raises Price Target to $321
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Steven Fisher upgrades Cummins (NYSE:CMI) from Neutral to Buy and raises the price target from $254 to $321.
March 15, 2024 | 12:52 pm
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UBS upgrades Cummins from Neutral to Buy, with a significant increase in price target from $254 to $321.
The upgrade from Neutral to Buy by a major analyst like UBS, accompanied by a substantial increase in the price target, is a strong positive signal for Cummins. This suggests a bullish outlook on the company's future performance and is likely to influence investor sentiment positively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100