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Raymond James Adjusts Cummins Price Target to $675 From $585, Maintains Outperform Rating
Raymond James has increased its price target for Cummins (CMI) to $675 from $585, while reiterating an Outperform rating on the stock. This adjustment reflects optimism surrounding the company, which specializes in designing, manufacturing, and selling diesel and gas motors and generators. The news comes amid other analyst updates on Cummins, with several firms adjusting their price targets following recent earnings reports.