Cummins remains a Top Idea, says RW Baird Baird said Cummins remains a Top Idea following solid Q4 results. The firm cited rising China truck demand, recovery of construction, and North American truck demand improving more than expected. Shares are Outperform rated with a $130 price target.
News For CMI From The Last 14 Days
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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.