Cummins (CMI) volatility elevated on better than expected long-term outlook

Cummins (NYSE: CMI) expert's annual sales to growth by more than 60% in the coming years and reaching $30B in 2015. Jefferies has a Hold rating and a price target of $136 on CMI. September call option implied volatility is at 60, October and December is at 54; above its six-month average of 39 according to Track Data.

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