Barclays Cuts Price Target and Estimates on Cummins (CMI); Poor Guidance
Tweet
Share
E-mailGet Alerts CMI Hot Sheet
Price: $292.34 -0.12%
Rating Summary:
10 Buy, 24 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
10 Buy, 24 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Equity Residential (EQR) PT Raised to $70 at Evercore ISI
- Lockheed Martin (LMT) PT Raised to $487 at Deutsche Bank
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign 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!
