Cummins is a Top Idea for 2013 at RW Baird Baird recommends adding to positions in Cummins and called it a Top Idea in Global Commercial Vehicles. The firm raised its price target to $132 from $119 citing improving investor sentiment, potential for demand recovery, and a rebound in second half 2013 earnings. Shares are Outperform rated.
Cummins could rise over 15% in FY15, Barron's says Cummins shares could rise over 15% in FY15 as concerns look overdone, Barron's contends in a feature article. The company should benefit from the North American market and improvements in emerging markets, the paper adds. Reference Link