Brokerages hike Cummins PT as powergen outlook strengthens
06/05/2026 12:00
** At least six brokerages lift price target on U.S. truck-engine maker Cummins CMI.N
** Co on Tuesday raised its annual revenue growth forecast, aided by resilient demand for its power generation equipment
** Citi says co likely to unveil a natural gas data-center engine and add fuel-agnostic large-engine capacity, underscoring strong long-term onsite power demand and flexibility for variable loads
** Jefferies says Cummins' raised 2026 outlook reflects stronger power generation growth, with margins and volumes improving as capacity ramps and momentum lasting beyond 2027
** 13 of 24 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $684.50 - data compiled by LSEG
** As of last close, stock had risen 32.2% YTD
| Brokerages | New PT | Old PT |
| Citi | $770 | $710 |
| Jefferies | $775 | $700 |
| JP Morgan | $725 | $600 |
| Morgan Stanley | $752 | $675 |
| BofA Global Research | $731 | $540 |
| Bernstein | $700 | $600 |
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