Citi Raises Cummins (CMI) PT as Machinery Demand Outlook Improves

Cummins Inc. (NYSE:CMI) is one of the best hydrogen stocks to buy right now. On December 11, Citi increased the price target for Cummins Inc. (NYSE:CMI) stock to $580 from $530 while keeping a Buy recommendation. The change was part of Citi updating its financial models for the machinery industry looking ahead to 2026. The bank stated that it sees good value in the machinery sector overall and has strong belief in growth for construction and mining areas starting next year. However, it noted that agricultu ...