Feb. 9 at 5:25 PM
$CMI "Cummins Inc. (CMI) shares are up 3.25% today, February 9, 2026, trading at
$596.51. The rally is primarily driven by a significant price target increase from Raymond James, which raised its target to
$675 from
$585 while maintaining an Outperform rating. Raymond James analyst Tim Thein increased the price target by 15.4%. The firm cited multiple growth catalysts, including a cyclical recovery in North American on-highway markets, new engine pricing upside, and significant tailwinds from global data center expansion. Today's gains build on momentum from February 5, 2026, when Cummins reported a "double beat" for Q4 2025. The company posted adjusted EPS of
$5.81 (beating the
$5.17 estimate) and revenue of
$8.54 billion (beating the
$8.09 billion estimate)." AI