Cummins announces new $1B stock repurchase program Cummins announced that the board has authorized the company to repurchase up to $1B in shares of common stock. The program was approved as the company approaches completion of its current $1B share repurchase program approved by the board in February 2011.
News For CMI From The Last 14 Days
Check below for free stories on CMI the last two weeks.
Cummins downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Cummins to Market Perform on concerns the company will struggle to meet 2015 consensus expectations due to emerging market demand weakness, slower power generation improvement and warranty accrual headwinds in Engines. Wells lowered its price target range for shares to $145-$148 from $170-$173.