ReutersReuters

Jefferies lifts Cummins PT after Q2 revenue beats estimates

RefinitivMeno di 1 minuto di lettura

** Jefferies raises Cummins CMI price target to $450 from $370, an upside of 20.6% from stock's last close

** Rating maintained at "buy"

** Co on Tuesday posted Q2 revenue above Wall Street estimate

** Brokerage says strong demand for power generation helped balance out slightly weaker sales in heavy-duty and medium-duty trucks in the engine business

** Jefferies cuts co's 2025 EPS estimate to $21 from $21.15, also cuts annual revenue estimate to $32.86 bln from $33.41 bln

** Seven of 22 brokerages rate the stock "buy" or higher, 14 "hold" and one "sell"; their median PT is $380 - data compiled by LSEG

** As of last close, stock had risen 7% YTD

Accedi o crea un account gratuito per leggere queste notizie