Cummins price target raised to $515 from $430 at Barclays

Barclays analyst Adam Seiden raised the firm’s price target on Cummins (CMI) to $515 from $430 and keeps an Equal Weight rating on the shares post the Q3 report. The company made it clear that the on-highway market is potentially past the point of peak negativity, the analyst tells investors in a research note.