Analysts fell to the sidelines weighing in on and Cummins (CMI) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Cummins (CMI)
In a report issued on October 27, Matt Elkott from Cowen & Co. maintained a Hold rating on Cummins, with a price target of $199.00. The company’s shares closed last Wednesday at $224.22, close to its 52-week high of $244.67.
According to TipRanks.com, Elkott is a 4-star analyst with an average return of 12.6% and a 59.5% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Trinity Industries, and Greenbrier.
Cummins has an analyst consensus of Hold, with a price target consensus of $242.09, representing an 8.4% upside. In a report issued on October 19, Robert W. Baird also initiated coverage with a Hold rating on the stock with a $235.00 price target.
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