Citi Initiates Coverage on Cummins (CMI) with a Buy

June 26, 2009 8:59 AM EDT

Citi initiates coverage on Cummins (NYSE: CMI) with a Buy. Price target $40.

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Cummins Inc. is engaged in the designing, manufacturing, distributing and servicing diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration and exhaust after treatment, fuel systems, controls and air handling systems.


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