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Legal & General Group Plc Lowers Stake in Cummins Inc. $CMI
Legal & General Group Plc has reduced its stake in Cummins Inc. (NYSE:CMI) by 6.2% during the third quarter, now owning 1,228,594 shares valued at $518.92 million. Despite this, other institutional investors have acquired shares, and analysts maintain a “Moderate Buy” rating with a consensus price target of $588.93 for Cummins. The company recently reported strong earnings, exceeding analyst estimates, and announced a quarterly dividend.