From Financial Modeling Prep: 2025-03-31 10:53:00

Citi lowered Cummins’ price target from $430 to $360, maintaining a Buy rating due to near-term headwinds in the commercial vehicle market. Shares dropped 2% intra-day. Weak freight environment and cuts to North American truck production forecasts were cited. Cummins is better positioned than peers with broad reach, diversified products, and stable pricing.

Citi’s updated 2025 estimates for Cummins align with the lower end of the company’s guidance. Despite challenges, Cummins is seen as better equipped to handle cyclical softness in the market. The company benefits from geographic diversity, a wide product range, and strong pricing stability compared to competitors in the commercial vehicle sector.



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