Wells Fargo cuts target to USD 608 for Cummins stock

Published on 10/27/2026 at 11:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins stock costs EUR 467.65 on October 27, 2026. Second-quarter net income reached USD 932.0 million on USD 9.46 billion revenue.

Targets and upcoming dates

Wells Fargo cut its Cummins target from USD 760.00 to USD 608.00 on October 26, 2026.
Second-quarter revenue reached USD 9.46 billion, up 9.40 percent year over year.
Cummins stock trades at EUR 467.65 at 11:08 a.m. CEST at Lang & Schwarz on October 27, 2026.
Cummins is scheduled to report third-quarter results on November 5, 2026.

Cummins Inc., US2310211063, Illustration mit AI erstellt.

Cummins Inc. stock was priced at EUR 467.65 at Lang & Schwarz on October 27, 2026, while Wells Fargo cut its target from USD 760.00 to USD 608.00 on October 26, 2026. The latest quarterly figures show revenue growth but also a clear earnings gap against expectations.

Wells Fargo lowers its target

According to MarketBeat, Wells Fargo maintained an overweight rating while reducing its Cummins price objective to USD 608.00. The cut puts more weight on the company's execution in engines, power systems and lower-emission technologies.

The chronology shows a sequence of changing expectations. On October 13, 2026, Cummins declared a quarterly dividend of USD 2.20 per share, according to Cummins. On October 19, 2026, Barclays cut its target from USD 760.00 to USD 675.00, as reported by MarketBeat. Wells Fargo followed with its October 26, 2026 target cut.

What do the results mean for margins?

Cummins reported second-quarter 2026 revenue of USD 9.46 billion, up 9.40 percent from the prior-year quarter, while net income reached USD 932.0 million. The company delivered diluted earnings per share of USD 6.73, below the USD 7.21 consensus estimate, according to Yahoo Finance.

Next dates for Cummins

The next scheduled reporting event is the third-quarter 2026 earnings call on November 5, 2026, according to Cummins. The next dividend ex-date is November 20, 2026, with a USD 2.20 payment scheduled for December 3, 2026, according to Hargreaves Lansdown.

Price holds the market context

Cummins operates across engines, generators, components and zero-emission power solutions. Its current market picture combines revenue growth with an earnings-per-share miss and a series of lower analyst targets.

Cummins stock was trading at EUR 467.65 at Lang & Schwarz on October 27, 2026 at 11:08 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Cummins stock.