Equity Research Price Target Change — June 16, 2026 Machinery, Industrials & Environmental Services Cummins Inc. Prime Power Capability Emerging Ahead of Plan; Raising Mid-Cycle EPS; Overweight Our Call CMI announced a behind-the-meter prime power award with Circe Energy for West Texas HPC data centers for its 78L and 60L products - over a year earlier than expected, and we see additional opportunities in Alberta as outlined at our conference. (i) Scope and platforms. CMI will supply a series of high-power, ...

EQUITY RESEARCH June 17, 2026 Flash Research TOROMONT INDUSTRIES LTD. Power Systems Business Update Key Takeaway: This evening TIH provided an update on its AVL and Power Systems business, noting demand and production for its AVL business had been solidified for the remainder of 2026 and the Power Systems business received confirmation of firm orders of ~$1B with delivery to occur largely in 2027. This has led TIH to evaluate additional efficiencies at existing facilities and acquire land for a new facility ...