Cummins price target raised to $259 from $235 at Barclays

Barclays analyst Adam Seiden raised the firm’s price target on Cummins to $259 from $235 and keeps an Equal Weight rating on the shares post the Q4 report. Freight maybe bottoming, pre-buy is nearing closer, and more volumes are on the horizon via supply agreements, which is “quite encouraging,” the analyst tells investors in a research note.