Argus hikes Cummins PT on strong long-term demand prospects

Cummins India

01/06/2026 12:58

** Argus raises U.S. truck-engine maker Cummins CMI.N price target to $770 from $696 earlier
** Brokerage says it expects co's fuel-efficient products to benefit from the high cost of refined and distillate fuel relative to natural gas, as well as from stricter growing environmental rules in the U.S. and overseas
** Says it expects CMI to benefit from strong long-term demand for its products from truck and machinery manufacturers, driven in part by infrastructure development in emerging markets 
** As of last close, shares up 26.7% YTD


 (Reporting by Parth Chandna)
 ((Parth.Chandna@thomsonreuters.com;))