Cummins (NYSE:CMI), engine manufacturer, has reported its
quarterly earnings, showcasing mixed results due to
tariff concerns. The company pulled its 2025 financial forecast due to uncertainties. Despite facing challenges, Cummins assured investors of strategic growth and that its earnings and revenue surpassed estimates for Q1 2025. Latest
stock updates reveal that JPMorgan has raised the price target for Cummins and forecasted strong price appreciation, along with Bank of America which increased its price target to $326. Amid economic challenges, the company reported
strong financial results for Q1 2025 while completing a
$2 billion Senior Notes offering. Activity has been observed in stock acquisitions, with prominent names like Brown Advisory Inc., Freestone Grove Partners LP and Cornerstone Select Advisors LLC. However, the company withdrew its yearly outlook due to tariff concerns. In a constant state of growth, Cummins is looking to hedge against tariff uncertainties and strengthen its position with
new power systems.
Cummins CMI News Analytics from Tue, 04 Mar 2025 18:28:47 GMT to Sat, 10 May 2025 22:36:09 GMT -
Rating 5
- Innovation -3
- Information 8
- Rumor 2
