TD Cowen Maintains Buy on Cummins, Raises Price Target to $292
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matt Elkott maintains a Buy rating on Cummins (CMI) and raises the price target from $272 to $292.
May 10, 2024 | 6:08 pm
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POSITIVE IMPACT
TD Cowen's updated Buy rating and increased price target from $272 to $292 for Cummins reflects a positive outlook on the company's future performance.
The increase in price target by a reputable analyst like Matt Elkott from TD Cowen usually signals a strong conviction in the company's future growth and operational performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100