Citi raised the firm’s price target on Cummins (CMI) to $350 from $320 and keeps a Buy rating on the shares. The firm updated the company’s model post the Q1 report. The firm continues to anticipate Cummins’ earnings to grow by a double-digit percent in 2026 and 2027, backed by anticipated recovery and margin expansion in core end-markets, along with continued strength within its Power Systems segment. It is constructive on the company’s ability to minimize tariff impacts over the next 6-12 months.
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