- UBS downgraded Cummins Inc CMI to Neutral from Buy and reduced the price target to $214 (an upside of 5%) from $260.
- Analyst Steven Fisher mentions that the North America truck cycle will peak in 2023, with North America trucker profitability expected to peak in 2022 and new emissions regulations in 2024 pushing a pre-buy.
- The analyst thinks that the stock's risk/reward is relatively balanced in the nearer term.
- Price Action: CMI shares are trading lower by 1.04% at $203.27 on the last check Friday.
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CMICummins Inc
$314.27-0.23%
Edge Rankings
Momentum
49.40
Growth
56.17
Quality
59.34
Value
61.30
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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