Cummins upgraded to Conviction Buy from Buy at Goldman Goldman added Cummins to its Conviction Buy List due to a strong new Machinery product cycle and the early stages of a recovery in its core global truck markets. Price target is $144.
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