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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美東時間11月6日，多家華爾街大行更新了$康明斯 (CMI.US)$的評級，目標價介於350美元至425美元。
摩根士丹利分析師Angel Castillo維持買入評級，維持目標價425美元。
美銀證券分析師Michael Feniger維持賣出評級，目標價354美元。
貝雅分析師Luke Junk維持持有評級，並將目標價從330美元上調至372美元。
儲億銀行分析師Jamie Cook維持持有評級，並將目標價從371美元下調至369美元。
Vertical Research分析師Jeff Kauffman首次給予持有評級，目標價350美元。
此外，綜合報道，$康明斯 (CMI.US)$近期主要分析師觀點如下：
康明斯強勁的第三季度成績脫穎而出，是機械板塊中少數超出預期並提升未來預期的案例之一。在這些第三季度的成果之後，估值被上調，認爲龐大動力系統業績正當地支持了更高的估值。然而，對於中期週期水平以後的未來估值的評估遭遇懷疑，有建議市場可能在2025年前期盼較大反彈，達到最高盈利水平。
該公司報告的2024財年第三季度業績超出預期，並提高了全年EBITDA指引。分析師認爲該公司穩健的基本定位有助於應對近期重型卡車市場的疲軟，儘管這也將估值框架拉到歷史範圍的最高水平。
以下爲今日5位分析師對$康明斯 (CMI.US)$的最新投資評級及目標價：
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