Cummins Inc
CMI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$344.00 | Rblrr | Znccgqqb |
Cummins: Raises 2030 Targets at Its Analyst Day
Cummins shared updates to its 2030 targets at its analyst day on May 16. Following the event, we’re leaving our $246 fair value estimate unchanged. Our key takeaway was that the company shows strong promise in the zero-emission transition. However, we think Cummins will need to execute in a few areas (namely, commercializing electrolyzers) before we become more optimistic about the company’s long-term prospects.