Bernstein raised the firm’s price target on Cummins (CMI) to $600 from $544 and keeps a Market Perform rating on the shares following quarterly results. The firm notes the guide came in below street driven by margin expectations. As a result, the stock finished down 11%, an outsized move for a modest guide down that could be viewed through the lens of conservatism, Bernstein argues.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMI:
- Balancing Tariff Headwinds and Long-Term Catalysts: Justifying a Market-Perform (Hold) on Cummins
- Cummins price target raised to $565 from $500 at UBS
- Morning Movers: Ralph Lauren and Qualcomm sink after earnings
- Cummins reports Q4 EPS $4.27, consensus $5.02
- Cummins sees FY26 revenue up 3%-8%