Street View: Cummins North American truck market poised for recovery

Cummins

06/02/2026 14:11

** U.S. truck-engine maker Cummins CMI.N on Thursday posted a marginal rise in fourth-quarter revenue on strong demand for its power-generation systems and distribution segments.

** CMI's shares up 1.5% at $549 premarket

NORTH AMERICAN TRUCK MARKET VOLUMES

** Morgan Stanley says fears of a slowdown in CMI's power systems were overdone; notes two months of strong orders suggest the North American Class 8 truck market has bottomed and could recover this year

** Jefferies says CMI's power systems should drive 2026 growth; sees potential for truck volumes to inflect in second half of the year with long-term growth boosted by a secular power-gen cycle

** Truist says the North American truck cycle is early in recovery with better orders and expects CMI to beat and raise guidance through the year

Brokerage
New PT
Old PT
Morgan Stanley
$675
$600
Jefferies
$645
$630
Truist
$703
$653
BofA
$540
$450
UBS
$565
$500
Bernstein
$600
$544

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))