Jefferies Upgrades Cummins (CMI) to Buy
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Price: $648.48 +0.10%
Rating Summary:
15 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Rating Summary:
15 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
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Jefferies upgraded Cummins (NYSE: CMI) to Buy with a price target of $115.00.
The firm comments, "We upgrade CMI to BUY as we believe a disconnect has developed between valuation and CMI's long-term prospects, as an improved cost structure, increasing component value, and JV contributions are set to drive CMI toward its 2015 sales, margin, and EPS targets."
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 comments, "We upgrade CMI to BUY as we believe a disconnect has developed between valuation and CMI's long-term prospects, as an improved cost structure, increasing component value, and JV contributions are set to drive CMI toward its 2015 sales, margin, and EPS targets."
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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