Cummins Inc. (CMI) stock has received varying reactions from several asset management companies. Financial companies like Truist Financial Corp, Franklin Street Advisors Inc. NC, McGuire Investment Group LLC, have increased their positions in Cummins. While some, like OLD Second National Bank of Aurora, Trust Co. of Vermont, have sold their shares. The company's AI-driven analyst upgrade and rising stock holdings are seen as positive signs.
Cummins has published its first-quarter results for 2025. In the midst of these movements, the market seems to lack conviction about the company's outlook—yet its stock price has managed to reach an all-time high. Cummins has also announced an increase in its quarterly common stock dividend, while its retirement of Sharon Barner as Chief Administrative Officer has been noted.
Post Q2 earnings, suggestions range from buying to selling to holding. Furthermore, Goldman Sachs has upgraded Cummins' stock and raised its price target, following a similar move by Citi. The firm's strategic move to team up with Komatsu on hybrid powertrains for mining equipment is being reassessed. Encouragingly, the CEO highlights growth in power but cautions about truck market weakness.
Cummins CMI News Analytics from Tue, 04 Feb 2025 08:00:00 GMT to Sat, 04 Oct 2025 09:32:25 GMT - Rating 5 - Innovation 3 - Information 6 - Rumor -3
