Cummins (CMI) Up On News Caterpillar Will Exit On-Highway Engine Biz
More News related to CAT
- Dow Surges 200 Points As G-20 Promises To Keep The Pump Primed
- Trading Outlook for Mueller Water Products Inc. Issued by InvestorSoup.com
- Tentative Settlement of Lawsuit
- Don't Miss Out! The Registration Period for the 2010 IR Global Rankings Ends TOMORROW!
- Time Is Running Out to Have Your IR Program Independently Evaluated!
More News related to CMI
- Cummins Power Generation Announces Price Increases for 2010
- C-COM Signs Reseller Agreement With Telespazio Argentina
- C-COM Signs Reseller Agreement With Telespazio Argentina
- AT&T (T) Announced Multi-Million Dollar Contract for Network Integration Services with Cummins (CMI)
- AT&T (T) Announced Multi-Million Dollar Contract for Network Integration Services with Cummins (CMI)
More News related to NAVZ
- Navistar International (NAVZ) Expects Relisting on NYSE
- Navistar International (NAVZ) Announces Changes in Executive Management Positions
- Cummins (CMI) Up On News Caterpillar Will Exit On-Highway Engine Biz
- Caterpillar (CAT) and Navistar (NAVZ) To Pursue Strategic Alliance
- UBS Downgrades Navistar (NAVZ) to Neutral
More News related to Analyst Comments
- Goldman Sachs Added Cytec Industries (CYT) to their Conviction Sell List
- FBR Capital Recommends An IPO or Spin Off at Chesapeake Energy (CHK)
- Canaccord Adams Maintains a 'Buy' on Silver Wheaton (SLW); Raises Price Target
- Citi Boosts Target on McDonald's (MCD) to $64, Maintains Hold
- Canaccord Adams Reiterates a 'Buy' on Veeco Instruments (VECO); Raises PT & Estimates
Shares of Cummins Inc. (NYSE: CMI) are 11% higher today following news that Caterpillar Inc. (NYSE: CAT) partnered up with Navistar (OTC: NAVZ) for their on-highway truck business and said it will not supply EPA 2010 compliant engines to truck and other on-highway original equipment manufacturers.
Analysts expects this news will allow Cummins to take a larget percentage of the market.
An analyst at Wachovia said, "Based on CAT's decision to exit the North American on-highway truck engine business (for non-severe service) in 2010, we believe that CMI will generally increase share at NAVZ, PCAR, and potentially Daimler North American truck applications. This announcement is positive for CMI."
Related Categories
Analyst CommentsInsiders' Blog
Stocks Mentioned
-0.04
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
