Wells Fargo lowered its price target for Cummins Inc. from $608 to $520 but still thinks it will do well.

CMI · Cummins Inc.

The AI's read

The lower estimate points to less room for the share price to rise. But Wells Fargo kept its Overweight rating and its new target remained above the November 5 closing price. The report gives no new information about Cummins' sales or profits, so it does not establish a change in the company's outlook.