Cummins price target raised to $163 from $145 at Citigroup Citigroup raised its price target for shares of Cummins to $163 after meeting with management and keeps a Buy rating on the stock. Citi expects strong North American truck production and improving China truck sales mix to more than offset infrastructure spending in emerging markets and weak high HP engine markets. Citi keeps a Buy rating on Cummins.
Cummins could rise over 15% in FY15, Barron's says Cummins shares could rise over 15% in FY15 as concerns look overdone, Barron's contends in a feature article. The company should benefit from the North American market and improvements in emerging markets, the paper adds. Reference Link