Economic Observation NetworkCummins (CMI) related agency ratings have been adjusted. On September 30th, UBS maintained its buy rating but lowered its target price from $835 to $741, which is a "bullish on fundamentals but more cautious about valuation/cycles" adjustment This type of downward adjustment usually precedes or synchronizes with the revision of profit expectations, and is worth comparing with the financial report on November 5th.

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