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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

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

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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79% Informative

Goldman Sachs upped Cummins Inc. ( NYSE : CMI )’s stock from “Neutral to “Buy,” raising its price objective to $ 431 from the prior target of $ 410 .

This upgrade stems from the expectations of structurally higher profitability in the company's Power Systems business, thanks to the new pricing structure extending beyond data centers.

The upgrade also comes after the favorable outlook related to the Environmental Protection Agency's regulations for 2027 .

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