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Baird Adjusts Price Target on Cummins to $640 From $580, Maintains Neutral Rating
Baird has raised its price target for Cummins (CMI) to $640 from $580, while maintaining a Neutral rating on the stock. This adjustment comes amidst other analyst revisions for Cummins, with Jefferies maintaining a Buy rating with a $700 target, and Citigroup also holding a Buy rating with a $710 target. Cummins Inc. specializes in designing, manufacturing, and selling diesel and gas motors and generators, with its main operations in the United States.