Citi raises Cummins PT on margin expansion, data center boost
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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
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