
Brokerages raise PT on Cummins CMI.N after the U.S. truck engine maker posted third-quarter earnings above Wall Street estimates on Thursday
Jefferies expect truck demand to recover in coming years as policy clarity improves
Citi expects co to deliver strong earnings growth over the next two years, driven by rising power generation demand and improving margins
Nine of 23 brokerages rate the stock "buy" or higher, thirteen "hold" and one "sell" ; their median PT is $460-data compiled by LSEG
Stock up 32.8% YTD, as of last close
Brokerages | New PT | Old PT | Upside from the stock's last close |
Jefferies | $545 | $500 | 17.8% |
Citi | $530 | $500 | 14.5% |
JP Morgan | $485 | $460 | 4.8% |
Truist | $522 | $434 | 12.8% |