Cummins Raises Long-Term Financial Targets As The Co Strengthens Its Portfolio; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cummins is raising its long-term financial targets due to a strengthening portfolio and continued strategic execution. The company is well-positioned to meet customer needs, reduce greenhouse gas emissions, and generate growth regardless of the transition pace to zero emissions. Cummins aims to improve its base business while scaling AcceleraTM by Cummins for profitable growth and higher operating cash flow.
May 16, 2024 | 3:32 pm
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Cummins has raised its long-term financial targets due to a strengthening portfolio and strategic execution. The company is focused on meeting customer needs, reducing emissions, and generating growth, which is likely to positively impact its stock price.
Cummins' decision to raise its long-term financial targets indicates confidence in its strategic direction and portfolio strength. This is likely to be viewed positively by investors, leading to a potential increase in stock price.
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