Halper Sadeh Investigates Cummins Inc. Officers for Breach of Fiduciary Duties
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers of Cummins Inc. breached their fiduciary duties, potentially leading to governance reforms and the return of funds, thereby enhancing shareholder value.
- Legal Relief Options: Long-term shareholders of Cummins may seek court-approved financial incentive awards or other relief measures, which could improve corporate governance and increase transparency and accountability.
- Law Firm Background: Halper Sadeh LLC focuses on representing global investors in securities fraud and corporate misconduct cases, having successfully implemented corporate reforms and recovered millions for defrauded investors, showcasing its strength in protecting investor rights.
- Importance of Participation: Shareholder involvement can drive improvements in company policies, practices, and oversight mechanisms, creating a more transparent and effectively managed organization that ultimately enhances overall shareholder value.
Analyst Views on CMI
Wall Street analysts forecast CMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMI is 508.60 USD with a low forecast of 385.00 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 565.180
Low
385.00
Averages
508.60
High
600.00
Current: 565.180
Low
385.00
Averages
508.60
High
600.00
About CMI
Cummins Inc. is a global power solutions company. The Company’s segments are Components, Engine, Distribution, Power Systems, and Accelera. Components segment designs, manufactures, and supplies products which include axles, drivelines, brakes, and suspension systems. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, for on and off-highway markets. Distribution segment includes sale and support of a range of products and services, including power generation systems, high-horsepower engines, heavy and medium duty engines, and others. Power Systems segment is a power provider, which designs, manufactures and sells engines for industrial applications, prime power generator sets, alternators, and others. Accelera segment designs, manufactures, sells, and supports electrified power systems with components and subsystems, including battery, fuel cell and electric powertrain and hydrogen production technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
