Cummins Inc., a well-known name in the diesel and natural gas engine industry, is garnering attention in the market. Throughout recent weeks, various entities have either acquired or sold their holdings in Cummins. For example, both
Point72 Hong Kong Ltd and
John Stone acquired shares, while
Lazard Asset Management LLC and
Jacobs Levy Equity Management Inc. reduced their holdings. Several companies made new investments, including
Mufg Securities America Inc., and
Cary Street Partners Financial LLC. Despite reporting a decline in sales and net income in its latest earnings report, Cummins remains a favorite amongst investors. Furthermore, Citigroup raised Cummins's price target to $350, indicating positivity for the company's outlook. On the hit of trans-national issues such as uncertainty over tariffs, Cummins withdrew its outlook. This was followed by the cummins' announcement of the results of its 2025 annual shareholder meeting. Cummins' Q1 earnings surpassed expectations, however, revenues fell year-over-year. Despite the tariff challenges and economic uncertainty, Cummins was upgraded and reported strong results for Q1 2025, while also announcing the appointment of top executives.
Cummins CMI News Analytics from Mon, 31 Mar 2025 07:00:00 GMT to Sat, 17 May 2025 11:42:19 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -3
