Barclays and JP Morgan maintain their positive ratings on Cummins Inc. (CMI) due to strong Q3 earnings and projections of increased earnings growth. The company's stock has reached a new 52-week high and is projected to continue running with support from solid Q2 results and an aggressive innovation push. Despite witnessing sell-offs by major fund holders like Fjarde AP Fonden Fourth Swedish National Pension Fund and Nordea Investment Management AB, other investors such as New York State Teachers Retirement System and Oregon Public Employees Retirement Fund have increased their holdings. Various analysts raised their price targets for CMI citing the company's expanding operational margins, attractive valuation and potential tailwinds from a positive machinery demand outlook, robust global power, hydrogen initiatives, and AI data center infrastructure buildout. The company's strategic expansion from diesel engines into batteries and hydrogen fuel cells is expected to alter its risk-reward balance. Cummins Inc. has also announced an increase in its regular quarterly common stock dividend while record growth in data center power demand tailwinds support its valuation.
Cummins CMI News Analytics from Tue, 01 Apr 2025 07:00:00 GMT to Sat, 17 Jan 2026 20:28:50 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -8
