JP Morgan Maintains Underweight on Cummins, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Underweight rating on Cummins (NYSE:CMI) but raises the price target from $285 to $340.
October 11, 2024 | 1:31 pm
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JP Morgan maintains an Underweight rating on Cummins but raises the price target to $340, indicating a more positive outlook despite the cautious rating.
The Underweight rating suggests a cautious stance, but the increased price target indicates a more optimistic view on Cummins' future performance. This mixed signal may lead to neutral short-term price movement as investors digest the implications.
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