Goldman Sachs Upgrades Cummins (CMI) Stock to Buy, Raises PT

From Yahoo Finance: 2025-05-27 14:02:00

Goldman Sachs upgraded Cummins Inc. (NYSE:CMI) stock from “Neutral” to “Buy,” with a raised price target of $431, citing expectations of higher profitability in the Power Systems business. Sales in the segment reached $1.6 billion, with North American sales up by 15% and international sales up by 22%. The company plans to invest over $1 billion in its US operations. Cummins is a leading manufacturer of diesel engines for various applications.



Read more at Yahoo Finance: Goldman Sachs Upgrades Cummins (CMI) Stock to Buy, Raises PT