Wells Fargo Downgrades Cummins (CMI) to Market Perform
Get Alerts CMI Hot Sheet
Price: $292.34 --0%
Rating Summary:
10 Buy, 24 Hold, 3 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 5
Rating Summary:
10 Buy, 24 Hold, 3 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 5
Join SI Premium – FREE
Wells Fargo downgraded Cummins (NYSE: CMI) from Outperform to Market Perform with a price target of $145-$148 (from $170-$173). Analyst Andrew Casey noted slower improvement than expected in emerging market demand and power generation. He also sees warranty accrual headwinds in Engines.
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 $137.91 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Downgrades Monster Beverage (MNST) to Neutral, 'Cost Pressures and Weaker Low-end Consumer'
- Lennox International (LII) PT Raised to $510 at RBC Capital
- Veralto Corp. (VLTO) PT Raised to $101 at RBC Capital
Create E-mail Alert Related Categories
Analyst Comments, Downgrades, Hot DowngradesRelated Entities
Wells FargoSign 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!