CMI - Cummins' Path Forward: Analyst Highlights Impact of Emission Settlement And 2027 Market Dynamics | Benzinga
Truist Securities analyst Jamie Cook initiated coverage on the shares of Cummins Inc (NYSE:CMI) with a Hold rating and a price target of $303.
Cummins manufactures diesel engines globally for the commercial vehicle markets, including heavy, medium, and light duty, as well as buses and motorhomes and off-highway markets, noted the analyst.
The company's capital allocation story is on hold as it was recently fined $2 billion after settling with U.S. regulatory agencies relating to emission issues on Dodge Ram trucks.