tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Melius upgrades Cummins with consensus underestimating AI demand

Melius Research upgraded Cummins (CMI) to Buy from Hold with a $500 price target which offers 25% upside from current share levels. The firm sees “three ways to win” for investors: Cummins continuing to improve operationally, valuation upside, and consensus estimates underestimating the company’s revenue and margin potential from capacity expansion in large engines, driven by artificial intelligence demand. Melius’ 2027 estimates are 13% above consensus. It believes Cummins’ revenue potential from AI is larger than the consensus currently forecasts.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1