WealthBridge Capital Management LLC,
Artemis Investment Management LLP,
Golden State Wealth Management and others purchased shares of
Cummins Inc.; institutions now own 87% of the company. However,
Sunbelt Securities Inc,
Bessemer Group Inc and others trimmed their holdings.
Citi remains bullish on Cummins, and even increased their price target to $360. The
Q1 Earnings report revealed declining revenues, despite beating expectations. Cummins continued its focus on renewable power under its CEO's guidance and further strengthened its dividend appeal.Meanwhile,
Bronstein, Gewirtz & Grossman, LLC encouraged shareholders to inquire about a securities investigation into Cummins. Furthermore, Cummins has announced new products, such as the B7.2 Diesel Engine, and personnel changes, with John Gaidoo appointed as Vice President and Chief Legal Officer. Despite sector challenges, Goldman Sachs upgraded Cummins' rating and raised its price target.The financial forecast for 2025 was withdrawn due to tariff-related concerns, but Cummins remains attractive to the market due to its solid financial prospects. They also secured $2 Billion credit agreements from
JPMorgan, while a $2 Billion Senior Notes offering was completed.
Cummins CMI News Analytics from Wed, 05 Mar 2025 08:00:00 GMT to Sat, 28 Jun 2025 12:58:51 GMT -
Rating 6
- Innovation 2
- Information 5
- Rumor 3
