Cummins Market Sentiment

Bulls vs Bears

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Date	Firm	Analyst & Accuracy	Upside / Downside	PT Change	Action	Rating
Aug 11, 2026	Evercore ISI Group	David Raso—	+41.9%	$845 → $782	Maintained	Outperform
Aug 5, 2026	UBS	Steven Fisher—	+51.5%	$850 → $835	Maintained	Buy
Jul 17, 2026	Morgan Stanley	Angel Castillo—	+38.1%	$752 → $761	Maintained	Overweight
Jul 14, 2026	Citigroup	Kyle Menges—	+43.3%	$770 → $790	Maintained	Buy
Jul 2, 2026	Truist Securities	Jamie Cook—	+63.5%	$815 → $901	Maintained	Buy
Jun 17, 2026	Wells Fargo	Jerry Revich—	+58.6%	$794 → $874	Maintained	Overweight
Jun 8, 2026	UBS	Steven Fisher—	+54.2%	$565 → $850	Upgrade	Neutral→Buy
Jun 1, 2026	Argus Research	John Eade—	+39.7%	$696 → $770	Maintained	Buy
May 26, 2026	Raymond James	Tim Thein—	+35.2%	$675 → $745	Maintained	Outperform
May 7, 2026	Barclays	Adam Seiden—	+37.9%	$610 → $760	Maintained	Overweight
May 6, 2026	JP Morgan	Tami Zakaria—	+31.6%	$600 → $725	Maintained	Neutral
May 6, 2026	Citigroup	Kyle Menges—	+39.7%	$710 → $770	Maintained	Buy
May 6, 2026	Morgan Stanley	Angel Castillo—	+36.5%	$675 → $752	Maintained	Overweight
May 6, 2026	Wells Fargo	Jerry Revich—	+44.1%	$693 → $794	Maintained	Overweight
Apr 20, 2026	Truist Securities	Jamie Cook—	+32.5%	$703 → $730	Maintained	Buy
Apr 13, 2026	Citigroup	Kyle Menges—	+28.8%	$630 → $710	Maintained	Buy
Apr 13, 2026	Wells Fargo	Jerry Revich—	+25.7%	$630 → $693	Maintained	Overweight
Feb 23, 2026	Evercore ISI Group	David Raso—	+25.9%	$576 → $694	Maintained	Outperform
Feb 9, 2026	Freedom Broker	Sergey Glinyanov—	+21.6%	$453 → $670	Upgrade	Hold→Buy
Feb 9, 2026	Raymond James	Tim Thein—	+22.5%	$585 → $675	Maintained	Outperform
Feb 6, 2026	Truist Securities	Jamie Cook—	+27.6%	$653 → $703	Maintained	Buy
Jan 26, 2026	Wolfe Research	Scott Group—	—	—	Downgrade	Outperform→Peer Perform
Jan 23, 2026	Barclays	Adam Seiden—	+10.7%	$546 → $610	Maintained	Overweight
Jan 23, 2026	Wells Fargo	Jerry Revich—	+14.3%	$599 → $630	Maintained	Overweight
Jan 14, 2026	JP Morgan	Tami Zakaria—	+5.2%	$485 → $580	Maintained	Neutral

Date

Firm

Analyst & Accuracy

Upside / Downside

PT Change

Action

Rating

Aug 11, 2026

Evercore ISI Group

David Raso—

+41.9%

$845 → $782

Maintained

Outperform

Aug 5, 2026

UBS

Steven Fisher—

+51.5%

$850 → $835

Maintained

Buy

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