Goldman Sachs Removes Cummins (CMI) from Conviction Buy List
Tweet
Share
E-mail
Get Alerts CMI Hot Sheet
Price: $634.28 +0.42%
Rating Summary:
15 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Earlier, Goldman Sachs removed Cummins (NYSE: CMI) from its Conviction Buy List but maintained a Buy rating and $121 price target. The firm cited outperformance and limited near-term catalysts.
The firm adjusted 3Q/4Q2011 estimates to $2.28/$2.57 from $2.41/$2.45 due to improving Power Gen price realization and a sequential pick-up in China truck engine production in 4Q vs. 3Q. 2011-2013 estimates remain unchanged.
For more ratings news on Cummins click here and for the rating history of Cummins click here.
Shares of Cummins closed at $97.60 yesterday.
The firm adjusted 3Q/4Q2011 estimates to $2.28/$2.57 from $2.41/$2.45 due to improving Power Gen price realization and a sequential pick-up in China truck engine production in 4Q vs. 3Q. 2011-2013 estimates remain unchanged.
For more ratings news on Cummins click here and for the rating history of Cummins click here.
Shares of Cummins closed at $97.60 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
- Berenberg Downgrades Inter Parfums (IPAR) to Hold
- Citizens Downgrades Accelerant Holdings (ARX) to Market Perform
Create E-mail Alert Related Categories
DowngradesRelated Entities
Goldman Sachs Conviction Buy List, Goldman SachsSign 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!
