Morgan Stanley Raises Cummins Price Target Amid Strong Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2026
0mins
Should l Buy CMI?
Cummins Inc. saw a price decline of 3.41% as it hit a 20-day low.
Morgan Stanley raised Cummins' price target from $600 to $675 following a strong earnings report, emphasizing that the current market presents a rare buying opportunity for this attractive investment. Despite the overall market weakness, analysts noted a 14% increase in Cummins' stock price this year, indicating confidence in its future performance.
This adjustment reflects Morgan Stanley's positive outlook on Cummins, suggesting that investors may find value in the stock despite recent price movements.
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Analyst Views on CMI
Wall Street analysts forecast CMI stock price to rise
13 Analyst Rating
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 558.710
Low
540.00
Averages
616.17
High
703.00
Current: 558.710
Low
540.00
Averages
616.17
High
703.00
About CMI
Cummins Inc. is a global power solutions company. The Company’s segments are Components, Engine, Distribution, Power Systems, and Accelera. Components segment designs, manufactures, and supplies products which include axles, drivelines, brakes, and suspension systems. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, for on and off-highway markets. Distribution segment includes sale and support of a range of products and services, including power generation systems, high-horsepower engines, heavy and medium duty engines, and others. Power Systems segment is a power provider, which designs, manufactures and sells engines for industrial applications, prime power generator sets, alternators, and others. Accelera segment designs, manufactures, sells, and supports electrified power systems with components and subsystems, including battery, fuel cell and electric powertrain and hydrogen production technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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