Argus hikes Cummins PT on strong long-term demand prospects
01/06/2026 12:58
BUZZ-Argus hikes Cummins PT on strong long-term demand prospects ** Argus raises U.S. truck-engine maker Cummins CMI.N price target to $770 from $696 earlier
** Brokerage says it expects co's fuel-efficient products to benefit from the high cost of refined and distillate fuel relative to natural gas, as well as from stricter growing environmental rules in the U.S. and overseas
** Says it expects CMI to benefit from strong long-term demand for its products from truck and machinery manufacturers, driven in part by infrastructure development in emerging markets
** As of last close, shares up 26.7% YTD
(Reporting by Parth Chandna)
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