TD Cowen raised the firm’s price target on Cummins to $292 from $272 and keeps a Buy rating on the shares. The firm updated its model as they gain more confidence that this as an atypical cycle with a gentler truck down cycle rising power gen demand and a possible China recovery starting next year.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMI:
