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—	+46.4%	$845 → $782	Maintained	Outperform
Aug 5, 2026	UBS	Steven Fisher—	+56.3%	$850 → $835	Maintained	Buy
Jul 17, 2026	Morgan Stanley	Angel Castillo—	+42.5%	$752 → $761	Maintained	Overweight
Jul 14, 2026	Citigroup	Kyle Menges—	+47.9%	$770 → $790	Maintained	Buy
Jul 2, 2026	Truist Securities	Jamie Cook—	+68.7%	$815 → $901	Maintained	Buy
Jun 17, 2026	Wells Fargo	Jerry Revich—	+63.6%	$794 → $874	Maintained	Overweight
Jun 8, 2026	UBS	Steven Fisher—	+59.1%	$565 → $850	Upgrade	Neutral→Buy
Jun 1, 2026	Argus Research	John Eade—	+44.2%	$696 → $770	Maintained	Buy
May 26, 2026	Raymond James	Tim Thein—	+39.5%	$675 → $745	Maintained	Outperform
May 7, 2026	Barclays	Adam Seiden—	+42.3%	$610 → $760	Maintained	Overweight
May 6, 2026	JP Morgan	Tami Zakaria—	+35.7%	$600 → $725	Maintained	Neutral
May 6, 2026	Citigroup	Kyle Menges—	+44.2%	$710 → $770	Maintained	Buy
May 6, 2026	Morgan Stanley	Angel Castillo—	+40.8%	$675 → $752	Maintained	Overweight
May 6, 2026	Wells Fargo	Jerry Revich—	+48.7%	$693 → $794	Maintained	Overweight
Apr 20, 2026	Truist Securities	Jamie Cook—	+36.7%	$703 → $730	Maintained	Buy
Apr 13, 2026	Citigroup	Kyle Menges—	+32.9%	$630 → $710	Maintained	Buy
Apr 13, 2026	Wells Fargo	Jerry Revich—	+29.7%	$630 → $693	Maintained	Overweight
Feb 23, 2026	Evercore ISI Group	David Raso—	+29.9%	$576 → $694	Maintained	Outperform
Feb 9, 2026	Freedom Broker	Sergey Glinyanov—	+25.4%	$453 → $670	Upgrade	Hold→Buy
Feb 9, 2026	Raymond James	Tim Thein—	+26.4%	$585 → $675	Maintained	Outperform
Feb 6, 2026	Truist Securities	Jamie Cook—	+31.6%	$653 → $703	Maintained	Buy
Jan 26, 2026	Wolfe Research	Scott Group—	—	—	Downgrade	Outperform→Peer Perform
Jan 23, 2026	Barclays	Adam Seiden—	+14.2%	$546 → $610	Maintained	Overweight
Jan 23, 2026	Wells Fargo	Jerry Revich—	+17.9%	$599 → $630	Maintained	Overweight
Jan 14, 2026	JP Morgan	Tami Zakaria—	+8.6%	$485 → $580	Maintained	Neutral

Date

Firm

Analyst & Accuracy

Upside / Downside

PT Change

Action

Rating

Aug 11, 2026

Evercore ISI Group

David Raso—

+46.4%

$845 → $782

Maintained

Outperform

Aug 5, 2026

UBS

Steven Fisher—

+56.3%

$850 → $835

Maintained

Buy

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