On Nov 06, major Wall Street analysts update their ratings for $Cummins (CMI.US)$, with price targets ranging from $350 to $425.
Morgan Stanley analyst Angel Castillo maintains with a buy rating, and maintains the target price at $425.
BofA Securities analyst Michael Feniger maintains with a sell rating, and sets the target price at $354.
Baird analyst Luke Junk maintains with a hold rating, and adjusts the target price from $330 to $372.
Truist Financial analyst Jamie Cook maintains with a hold rating, and adjusts the target price from $371 to $369.
Vertical Research analyst Jeff Kauffman initiates coverage with a hold rating, and sets the target price at $350.
Furthermore, according to the comprehensive report, the opinions of $Cummins (CMI.US)$'s main analysts recently are as follows:
Cummins' robust third quarter stands out as one of the few instances of surpassing expectations and elevating future projections within the Machinery sector. Subsequent to these Q3 outcomes, estimates were adjusted upward, and it is recognized that a loftier valuation is justified due to the robust performance in Power Systems. Nonetheless, the assessment of future valuation beyond mid-cycle levels encounters skepticism, with the suggestion that the market may be anticipating a substantial rebound by 2025, reaching peak earnings.
The company's reported 3Q24 results exceeded expectations and there was an increase in the full-year EBITDA guidance. Analysts appreciate the company's solid fundamental positioning to manage the near-term heavy-duty truck market softness, though this now stretches the valuation framework to the upper end of historical ranges.
Here are the latest investment ratings and price targets for $Cummins (CMI.US)$ from 5 analysts:
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美东时间11月6日，多家华尔街大行更新了$康明斯 (CMI.US)$的评级，目标价介于350美元至425美元。
摩根士丹利分析师Angel Castillo维持买入评级，维持目标价425美元。
美银证券分析师Michael Feniger维持卖出评级，目标价354美元。
贝雅分析师Luke Junk维持持有评级，并将目标价从330美元上调至372美元。
储亿银行分析师Jamie Cook维持持有评级，并将目标价从371美元下调至369美元。
Vertical Research分析师Jeff Kauffman首予持有评级，目标价350美元。
此外，综合报道，$康明斯 (CMI.US)$近期主要分析师观点如下：
康明斯强劲的第三季度成绩突出，作为机械板块中少数几个超越预期并提升未来预期的例子之一。在这些第三季度成果之后，预估值被上调，人们认识到由于动力系统表现强劲，更高的估值是合理的。然而，对未来估值超过中期水平的评估遇到怀疑，有人暗示市场可能预期到2025年实现显著反弹，达到最高收益。
该公司报告的2024财年第三季度结果超出预期，并增加了全年EBITDA指导。分析师们认可公司在管理近期重型卡车市场疲软方面的坚实基本定位，尽管这使得估值框架扩展到历史范围的上限。
以下为今日5位分析师对$康明斯 (CMI.US)$的最新投资评级及目标价：
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