Barclays upgrades Cummins rating to "overweight"; shares rise

Cummins

19/12/2025 17:49

** Barclays upgrades industrial and automotive engine maker Cummins' CMI.N rating to "overweight" from "equal-weight"; raises price target to $546 from $515

** New PT represents an upside of 9.1% from stock's last close

** Shares of CMI rise nearly 1.5% to about $508.2

** Barclays expects upcoming U.S. Environmental Protection Agency (EPA) 2027 emissions regulations to create demand for new engines and trucks that meet stricter standards, benefiting Cummins

** Adds that CMI can sustain earnings through its power segment while benefiting from lower R&D costs until the next major truck and engine cycle begins

** Twelve of 23 brokerages rate the stock "buy" or higher and 11 "hold"; their median PT is $522.3, according to data compiled by LSEG

** Including session's moves, shares up 45.8% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))