Cummins valuation range raised to $113-$116 from $95-$97 at Wells Fargo Wells Fargo increased its valuation range on Cummins as the firm believes that demand for trucks in Brazil, China, India, and the U.S. is likely bottoming. However, the firm thinks this trend has likely been reflected in the stock and it maintains a Market Perform rating.
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.