AllAnalyst Report
logoMorningstarMarch 05, 2024

Cummins Inc.: We Think Truck Production Will Normalize in 2024

Symbols
CMI
Sector(s)
Industrials
Rating
Current Price
$291.14
Fair Value
Economic Moat
Stewardship
Summary

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robu

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