Baird Maintains Neutral on Cummins, Lowers Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Leiker maintains a Neutral rating on Cummins (NYSE:CMI) and lowers the price target from $298 to $295.

May 03, 2024 | 11:30 am
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NEUTRAL IMPACT
Baird analyst David Leiker maintains a Neutral rating on Cummins and lowers the price target from $298 to $295.
The adjustment in price target by Baird reflects a slight negative sentiment towards Cummins' stock value in the short term. However, maintaining a Neutral rating indicates that the analyst does not foresee significant downside or upside, suggesting a stable outlook. The importance is rated high due to the direct impact on investor perception, but not critical as the change in price target is minimal. The confidence level is high due to the specificity of the analyst's action.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100