Cummins price target raised to $326 from $313 at BofA

BofA raised the firm’s price target on Cummins (CMI) to $326 from $313 and keeps a Neutral rating on the shares, stating that the “robust start to the year” was overshadowed by guidance, or lack there of. Cummins pulled its guidance on the back of tariff uncertainty, but the firm raised FY25 estimates post the strong Q1.