Movement Alert|Cummins Rises 3.03% in Regular Trading, UBS Upgrades to Buy with Significant Target Price Increase

Market Focus06-08 21:52

On June 8, Cummins rose 3.03% in regular trading, trading at $664.83/share, with trading volume of $58.78 million.

On the news front, UBS upgraded Cummins from Neutral to Buy, raising its target price substantially from $565 to $850, implying approximately 27% upside from current levels. According to FactSet, analysts maintain an average Overweight rating on Cummins with an average target price of $750.36.

On the fundamental side, Cummins reported first-quarter revenue of $8.4 billion and raised its full-year revenue guidance to $36.4–$37.4 billion, representing 8%–11% year-over-year growth. The upward revision was primarily driven by stronger-than-expected demand in key markets including data center power generation. The company also announced an additional $450 million in capacity expansion investment to meet growing demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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