Bernstein Maintains Market Perform Rating on Cummins (CMI) Following Updated 2030 Guidance

2 hours ago 1

Sheryar Siddiq

Mon, June 1, 2026 astatine 9:03 AM CDT 1 min read

Cummins Inc. (NYSE:CMI) ranks among the top hydrogen stocks to bargain now. On May 22, Bernstein SocGen Group maintained a Market Perform standing connected Cummins Inc. (NYSE:CMI) with a $700 terms target. According to the firm, Cummins’ banal fell 5% aft upgrading its 2030 guidance.

The ratings update followed Cummins’ Q1 net report. The institution reported a 3% emergence successful full revenues successful Q1 implicit the aforesaid play past year, hitting $8.4 billion. Meanwhile, adjusted nett earnings, excluding the effects of a substance compartment portion sale, accrued to $853 cardinal from $824 cardinal successful the archetypal 4th of 2025.

Additionally, Cummins Inc. (NYSE:CMI) declared that it volition beryllium bringing a caller 4 megawatt earthy state motor into the information halfway premier powerfulness market, with archetypal deliveries anticipated successful 2028. With EPA restrictions expected successful 2027, Cummins’ motor strategy focuses connected expanding content, leveraging its astir innovative motor level to execute stock growth, and generating further aftermarket revenue.

Cummins Inc. (NYSE:CMI) is simply a U.S.-based steadfast that designs, manufactures, and services diesel and earthy state engines, electrical and hybrid powertrains, and related components. Its segments see Engine, Distribution, Components, Power Systems, and Accelera.

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