Cummins Inc

CMI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$544.00	Vwjvf	Syjrzhx

Cummins Earnings: Global Truck Production Is Increasingly Pointing to Normalization in 2024

Dawit Woldemariam

Feb 6, 2024

We lowered our fair value estimate by 3% to $240 from $248 previously, following fourth-quarter earnings. The change to our fair value is mostly due downward tweaks to our sales and margin expectations for 2024, after newly released guidance from Cummins.

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