VERIFIEDET Markets·29 May 2026neutral

Nomura downgrades Cummins India shares to Neutral despite raising target price by 25%. Here’s why

AI Summary

·Nomura downgraded Cummins India shares to "Neutral".
·The target price for Cummins India was raised by 25%.
·Reasons cited include stretched valuations and near-term margin pressure from rising commodity costs.