Cummins upgraded to Outperform from Market Perform at William Blair William Blair upgraded Cummins on expectations the company is positioned for a multiyear recovery in global trucking volumes and higher market share. The firm has a $140 price target for shares.
Cummins upgraded at RW Baird Baird upgraded Cummins to Outperform from Neutral and raised its price target to $166 from $155. The firm said expectations have been reset and the company is poised to deliver steady earnings growth and shareholder returns. Baird believes the North American truck cycle can last longer and at higher levels than consensus expectations and thinks Cummins' stable cash flow will likely continue to enhance shareholder value.