Citigroup Maintains Buy on Cummins, Raises Price Target to $375
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Kyle Menges maintains a Buy rating on Cummins (NYSE:CMI) and raises the price target from $345 to $375.
October 09, 2024 | 9:25 pm
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Citigroup analyst Kyle Menges has reaffirmed a Buy rating on Cummins and increased the price target from $345 to $375, indicating a positive outlook for the stock.
The reaffirmation of a Buy rating and an increase in the price target by a major financial institution like Citigroup suggests confidence in Cummins' future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100