Melius has turned bullish on Cummins (CMI), citing new advances in artificial intelligence and operational upside. Baird Financial Group and Hancock Whitney Corp have both significantly grown their stock holdings in Cummins, while Royal Bank of Canada and Twin Tree Management have sold considerable amounts of Cummins stock. The trend of purchasing Cummins continues with Clark Capital Management Group, Marshfield Associates, and the Federation des caisses Desjardins du Quebec all acquiring shares. Notably, Melius has upgraded Cummins due to an underestimation of AI demand. However, there have been bearish signs with Cummins insiders disposing stocks. The stock has reported a significant surge of 2.24% tied to green hydrogen expansion. On a positive note, Cummins’ Q2 earnings and revenues beat estimates and it is also increasing its dividend to $2.00. However, Cummins stock slumped 0.87% as the ethanol-diesel initiative is advancing, and the Cummins CFO has reportedly cashed out millions in a stock sale. Despite a weak technical profile, analysts are mixed about Cummins’ potential, giving the company a 'Hold' recommendation.
Cummins CMI News Analytics from Wed, 30 Apr 2025 07:00:00 GMT to Sat, 06 Sep 2025 21:25:06 GMT -
Rating 3.5
- Innovation 5
- Information 7
- Rumor -3
