Raymond James has increased its price target for Cummins (CMI) to $675 from $585, maintaining an “Outperform” rating, which reflects a 15.38% rise. This adjustment follows a trend of several analysts raising their price targets for Cummins due to strong confidence in the company’s future prospects. Despite the optimistic analyst outlook, GuruFocus’ estimated GF Value suggests a potential downside of 45.14% from the current price.
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Cummins (CMI) Target Price Raised by Raymond James to $675 | CMI Stock News
Raymond James has increased its price target for Cummins (CMI) to $675 from $585, maintaining an “Outperform” rating, which reflects a 15.38% rise. This adjustment follows a trend of several analysts raising their price targets for Cummins due to strong confidence in the company’s future prospects. Despite the optimistic analyst outlook, GuruFocus’ estimated GF Value suggests a potential downside of 45.14% from the current price.