BUZZ-Jefferies lifts Cummins PT after <a href="https://laohu8.com/S/QTWO">Q2</a> revenue beats estimates** Jefferies raises Cummins CMI.N price target to $450 from $370, an upside of 20.6% from stock's last close
** Rating maintained at "buy"
** Co on Tuesday posted Q2 revenue above Wall Street estimate
** Brokerage says strong demand for power generation helped balance out slightly weaker sales in heavy-duty and medium-duty trucks in the engine business
** Jefferies cuts co's 2025 EPS estimate to $21 from $21.15, also cuts annual revenue estimate to $32.86 bln from $33.41 bln
** Seven of 22 brokerages rate the stock "buy" or higher, 14 "hold" and one "sell"; their median PT is $380 - data compiled by LSEG
** As of last close, stock had risen 7% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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