Cummins Inc
CMI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$376.00 | Wghjnx | Rkftjcxd |
Cummins Earnings: Global Truck Production Is Increasingly Pointing to Normalization in 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.