BUZZ-Citigroup lifts Cummins PT on positive earnings growth view

Reuters11-20

** Citigroup lifts PT of vehicle engine and power systems maker Cummins to $415 from $375, maintains "buy" rating

** The new PT represents a 14.7% upside to CMI's last close

** "We think CMI can still grow earnings by low single digits in 2027, helped by expected top-line growth and margin improvement in Power Systems, Distribution, and Accelera, plus anticipated growth in joint venture earnings" - Citigroup

** Eight brokerages rate the stock "buy" or higher, 14 "hold" and two "sell"; their median PT is $369 - LSEG data

** As of last close, stock had risen 51% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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