Cummins rises after Truist upgrades to 'buy' on growing optimism

Cummins

24/11/2025 15:49

** Truist Securities upgrades industrial and automotive engine maker Cummins CMI.N to "buy" from "hold"; raises PT to $628 from $522, a 32.9% upside on the stock's last close

** Shares of U.S. truck engine maker Cummins CMI.N rise almost 3.1% to $484.17 in morning trading

** Brokerage believes CMI offers best of both worlds, with commercial vehicle business at a cyclical bottom, and tailwinds in power business

** "We believe CMI will revisit its Power System targets with upward revisions on sales and margins given CMI is achieving targets ahead of schedule, providing another positive catalyst for the stock" - Truist Securities

** 11 of 23 brokerages rate stock "buy" or higher, 11 "hold", and one "sell"; their median PT is $502.26 - data compiled by LSEG

** Including session's moves, CMI stock is up ~39.8% YTD

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))