A cascade of investment firms are adjusting their stakes in
Cummins Inc. (CMI), with several, including
Freedom Investment Management Inc. and
Jump Financial LLC taking new positions worth hundreds of thousands, while others such as
IHT Wealth Management LLC and
Main Street Financial Solutions LLC are reducing their holdings. In the face of sector challenges,
BofA and other companies have lowered CMI’s price target. Despite this, numerous analysts still view CMI as great choice given its attractive financial prospects. Interestingly, Rep.
Bruce Westerman and Rep.
Marjorie Taylor Greene have recently bought CMI stock. Furthermore, acceleration in CMI’s new ventures is evident – the company is extending its reach into the
Middle East with new battery energy storage systems and gaining DNV approval for its methanol-ready marine engine. To round off, CMI is continuously updating its technology offerings, recently launching its
next-generation 6.7L Turbo Diesel Pickup Engine System for 2025 Ram Heavy Duty Trucks, and commencing operations for electrolyzer production in
Fridley, Minnesota.
Cummins CMI News Analytics from Thu, 01 Jun 2017 18:22:15 GMT to Sat, 26 Apr 2025 19:27:09 GMT -
Rating 7
- Innovation 8
- Rumor -3
