Cummins downgraded to Buy from Conviction Buy at Goldman Goldman removed Cummins from the Conviction Buy List and maintains its Buy rating based on a mixed end market outlook outside the U.S. and recent shares gains. Price target is $175.
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