Goldman Turns Bullish On Cummins Amid Profit Shift And Quiet Data Center Play
1. Goldman Sachs upgraded CMI from Neutral to Buy rating. 2. Power Systems margins expanded from 5%-10% to 15%-20% due to value pricing. 3. $1.5 billion in sales from data center expected by Cummins' Power Systems segment. 4. Data center investments projected to grow significantly by 2030. 5. Used inventory levels of sleeper trucks down 30% year over year.