Cummins dividend raised more than expected by ISI Group ISI Group said Cummins' decision to bump its dividend to 78c was more than the firm's forecast for a raise to 70c. ISI still expects Cummins to end this year with net cash for the eighth time in 9 years despite the dividend increase and says the company has more firepower if they are able to use it. ISI has a Buy rating on the stock.
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.