Goldman Sachs Removes Cummins (CMI) from Conviction Buy List
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Price: $564.85 -1.57%
Rating Summary:
16 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
16 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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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.
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