Cummins price target raised to $710 from $630 at Citi

Citi raised the firm’s price target on Cummins (CMI) to $710 from $630 and keeps a Buy rating on the shares. The firm adjusted ratings and targets in the machinery group as part of a Q1 preview. The North America truck market has improved over the last few months and Citi still favors companies with construction exposure over agriculture, the analyst tells investors in a research note.