Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Akanksha Bakshi

UBS Downgrades Cummins, Cuts Price Target by 18%

UBS CMI North America Cummins Inc NYSE

UBS downgraded Cummins Inc (NYSE:CMI) to Neutral from Buy and reduced the price target to $214 (an upside of 5%) from $260.
Analyst Steven Fisher mentions that the North America truck cycle will peak in 2023, with North America trucker profitability expected to peak in 2022 and new emissions regulations in 2024 pushing a pre-buy.
The analyst thinks that the stock's risk/reward is relatively balanced in the nearer term.
Price Action: CMI shares are trading lower by 1.04% at $203.27 on the last check Friday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Trump calls Harris a ‘disaster’ as he concludes final day of campaigning

Trump calls Harris a ‘disaster’ as he concludes final day of campaigning

In his last appeal in Grand Rapids, former president claims people believe God ‘saved me in order to save America’.

Tropical Storm Rafael Expected To Strengthen Into Hurricane

Tropical Storm Rafael Expected To Strengthen Into Hurricane

Tropical Storm Rafael intensifying into a hurricane, posing threats to the Caribbean and Florida with heavy rainfall, damaging winds, and storm surges.

Who’s who in the Conservative shadow cabinet

Who’s who in the Conservative shadow cabinet

Kemi Badenoch’s new front bench team will hold its first meeting on Tuesday.

The Independent UK

Americans head to polls with historic election on a knife edge

Americans head to polls with historic election on a knife edge

With no clear swing-state advantage for Kamala Harris or Donald Trump, the US is poised for a long – and tense – wait for results

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

US presidential election updates: Campaigning ends with celebrity endorsements, and Nate Silver’s forecast

US presidential election updates: Campaigning ends with celebrity endorsements, and Nate Silver’s forecast

Kamala Harris is joined by Oprah and Lady Gaga in Philadelphia, while Trump celebrates an endorsement from podcaster Joe Rogan hours before polls open on 5 November

The Guardian - AU

Massachusetts voters weigh ballot issues on union rights, wages and psychedelics

Massachusetts voters weigh ballot issues on union rights, wages and psychedelics

Massachusetts voters are weighing five ballot measures, including giving union rights to drivers for ride-hailing companies like Uber and Lyft

The Independent UK

Related Stories

Top stories on inkl right now

Trump calls Harris a ‘disaster’ as he concludes final day of campaigning

Trump calls Harris a ‘disaster’ as he concludes final day of campaigning

In his last appeal in Grand Rapids, former president claims people believe God ‘saved me in order to save America’.

Tropical Storm Rafael Expected To Strengthen Into Hurricane

Tropical Storm Rafael Expected To Strengthen Into Hurricane

Tropical Storm Rafael intensifying into a hurricane, posing threats to the Caribbean and Florida with heavy rainfall, damaging winds, and storm surges.

Who’s who in the Conservative shadow cabinet

Who’s who in the Conservative shadow cabinet

Kemi Badenoch’s new front bench team will hold its first meeting on Tuesday.

The Independent UK

Americans head to polls with historic election on a knife edge

Americans head to polls with historic election on a knife edge

With no clear swing-state advantage for Kamala Harris or Donald Trump, the US is poised for a long – and tense – wait for results

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

US presidential election updates: Campaigning ends with celebrity endorsements, and Nate Silver’s forecast

US presidential election updates: Campaigning ends with celebrity endorsements, and Nate Silver’s forecast

Kamala Harris is joined by Oprah and Lady Gaga in Philadelphia, while Trump celebrates an endorsement from podcaster Joe Rogan hours before polls open on 5 November

The Guardian - AU

Massachusetts voters weigh ballot issues on union rights, wages and psychedelics

Massachusetts voters weigh ballot issues on union rights, wages and psychedelics

Massachusetts voters are weighing five ballot measures, including giving union rights to drivers for ride-hailing companies like Uber and Lyft

The Independent UK

Our Picks

Dick Van Dyke makes rare social media appearance to endorse US Presidential candidate

'Mary Poppins' star Dick Van Dyke, 98, has made a rare social media appearance to pledge his support to Kamala Harris in the US Presidential race, and he did so by reciting a speech he delivered alongside Martin Luther King Jr. at a 1964 civil rights event.

Rihanna Showed Off Her Glossy Waves With The Blunt Bob of My Dreams

Fall hair inspiration at its finest.

Keanu Reeves confesses to throwing up during John Wick stunts

Keanu Reeves has revealed that he relished the challenge of filming the 'John Wick' movies.

Quincy Jones changed my life, says Oprah Winfrey

Oprah Winfrey has explained how Quincy Jones changed the course of her life.

Coca-Cola brings back nostalgic Mexican soft drink

Coca-Cola makes a major announcement about bringing back a beloved Mexican soft drink to U.S. stores.

Influencer Who Filmed 'Hot Take' Interview with Kamala Harris Reveals Why He Never Published It

Influencer Kareem Rahma declined to publish his interview with Kamala Harris, finding it "boring."

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play