Cummins price target raised to $394 from $358 at BofA

BofA analyst Michael Feniger raised the firm’s price target on Cummins (CMI) to $394 from $358 and keeps a Neutral rating on the shares. 2025 guidance “de-risks top line concerns,” argues the analyst, who still sees some risks, but came away from Q4 results believing that Cummins can “positively ‘thread the needle’ on expectations.”