UBS cuts target for Cummins stock from USD 835.00 to USD 741.00

Published on 10/02/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins signed a 1 gigawatt fleet deal on September 29, 2026. Cummins stock costs EUR 466.30 versus EUR 463.05, plus 0.70 percent.

Fotorealistisches Innenbild einer Dieselmotorenfabrik mit Montagelinie und Arbeitern in Schutzhelmen — Cummins Inc. Motorenmontage US2310211063 – fotorealistische Dieselmotorenfertigung in großer Industriehalle mit Montagelinie, Illustration mit AI erstellt.

Cummins stock (ISIN US2310211063) was trading at EUR 466.30 at Lang & Schwarz on October 2, 2026 at 3:33 p.m. CEST, up 0.70 percent versus the prior close of EUR 463.05. Investing.com reported on September 30, 2026 that UBS lowered its Cummins target from USD 835.00 to USD 741.00 while maintaining a Buy rating.

UBS target falls to USD 741.00

The target cut puts regulatory execution at the center of the debate. UBS cited uncertainty around EPA 2027 rules, inflation, fuel costs and the way the Engine segment will perform after implementation.

The contrast is visible in the latest results. Yahoo Finance published the second-quarter 2026 earnings call transcript dated August 4, 2026, which reported revenue of USD 9.46 billion, up 9.00 percent from the second quarter of 2025. Diluted earnings per share were USD 6.73, compared with USD 6.43 in the second quarter of 2025.

Power deal reaches 1 gigawatt

EquipmentShare announced on September 29, 2026 that it signed a multi-year fleet agreement with Cummins targeting up to 1 gigawatt of natural gas generation capacity. The arrangement makes EquipmentShare a rental and distribution channel for Cummins power systems serving temporary power, microgrid and energy-storage projects.

That agreement connects directly with Cummins' second-quarter operating picture. Power Systems revenue rose 19.00 percent year over year to USD 2.26 billion, while operating cash flow reached USD 1.50 billion in the second quarter of 2026, according to the earnings call transcript. The commercial opportunity is substantial, but the transcript also said power-generation growth remains constrained by capacity.

Second-quarter demand meets regulation risk

Cummins raised its full-year 2026 revenue-growth outlook to 10.00 percent to 13.00 percent from 8.00 percent to 11.00 percent. At the same time, the company expects 2026 EBITDA margin of 18.00 percent to 18.50 percent, compared with 17.50 percent in the second quarter, leaving execution and product-transition costs as key valuation tests.

On the primary exchange, Cummins was last at USD 528.42 on the NYSE on October 2, 2026 at 9:40 a.m. ET during regular trading. Its market capitalization was USD 72.9 billion, with a 52-week range of USD 400.72 to USD 737.76 on the same date.

Stock price and investor reference

The Lang & Schwarz quote stood at EUR 466.30 on October 2, 2026 at 3:33 p.m. CEST, plus 0.70 percent versus the EUR 463.05 prior close. The further course of trading is shown by the continuously updated real-time quote of Cummins stock.