Barclays Cuts Price Target and Estimates on Cummins (CMI); Poor Guidance

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Barclays maintains an 'Overweight' on Cummins (NYSE: CMI) price target of $118.00 (from $131.00).

Analyst, Andy Kaplowitz, cuts FY12 EPS estimate from $10.25 to $9.15 and FY13 from $11.35 to $10.25. He suggests the near-term will be choppy, but the company remains positioned for the long-term.

For an analyst ratings summary and ratings history on Cummins click here. For more ratings news on Cummins click here.

Shares of Cummins closed at $86.91 yesterday, with a 52 week range of $79.53-$129.51.

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