Barclays lifts Cummins PT on growth potential in China

Cummins

21/07/2025 13:02

** Barclays raises price target on truck-engine maker Cummins CMI.N to $387 from $381, an upside of 10.4% from the stock's last close

** Rating unchanged at 'equal weight'

** Says co efficiently manages costs in tough markets and also expects co to benefit from potential upside from gains in China and recovering supply chains

** Further anticipates strong expansion in co's data center facilities

     ** But notes truck demand is falling in 2025, due to falling orders, rising cancellations and inventories, and declining production across Class 6-8 vehicles

** Lifts 2025 EPS forecast to $21.47 from $21.18

** Average of 23 brokerages rate the stock equivalent to 'hold'; their median PT is $357.62- data compiled by LSEG

** As of last close, stock had risen about 1% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))