Citi raises Cummins PT on margin expansion, data center boost

Cummins

23/09/2025 13:48

** Citi lifts Cummins CMI.N PT to $485 from $425, maintains rating at "buy"

** New PT represents a premium of 14.2% from the stock's last close

** Citi says it has strong conviction in co's margin expansion and earnings growth through 2026-2027, as a boom in data centers drives power generation

     ** 9 of 23 brokerages rate the stock "buy" or higher, 13 "hold" and 1 "sell"; their median PT is $395 - data compiled by LSEG

** As of last close, stock had risen 21.9% YTD... compared with a 16% increase in S&P 500 industrials index .SPLRCI

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))