Truist initiated coverage of Cummins with a Hold rating and $303 price target. The analyst sees the company’s free cash going towards paying down debt associated with the Meritor acquisition and rebuilding cash on the balance sheet from the $2B emissions fine.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CMI:
- Atmus Filtration (NYSE:ATMU): A Value Stock with a Slow-and-Steady Approach
- Largest borrow rate increases among liquid names
- Cummins Raises $2.25 Billion in Senior Notes Offering
- Atmus Filtration price target raised to $29 from $26 at BofA
- Atmus Filtration price target raised to $29 from $28 at Baird