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Stock Market & Financial Investment News

News Breaks
February 19, 2013
07:21 EDTWPRT, CMIWestport takeover by CMI highly unlikely, says JPMorgan
JPMorgan says shares of Westport Innovations (WPRT) rallied Friday on a report that Cummins (CMI) is looking to acquire the company at $42 per share. The firm views a potential deal as highly unlikely and says the $42 per share price makes little sense. JPMorgan keeps a Neutral rating on shares of Westport.
News For WPRT;CMI From The Last 14 Days
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April 28, 2015
07:33 EDTCMICummins sees FY15 revenue up 2%-4%, consensus $19.85B
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07:33 EDTCMICummins reports Q1 EPS $2.14, consensus $2.14
Reports Q1 revenue $4.71B, consensus $4.54B. The increase year-over-year was driven by stronger demand in on-highway markets and distributor acquisitions in North America. Currency negatively impacted revenues by 3 percent compared to last year, primarily due to a stronger US dollar.
April 27, 2015
15:04 EDTCMINotable companies reporting before tomorrow's open
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10:00 EDTWPRTOn The Fly: Analyst Initiation Summary
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07:46 EDTWPRTWestport initiated with a Market Perform at Cowen
Target $4.50.
April 16, 2015
15:55 EDTCMICummins urges Congress to approve TPA
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14:35 EDTCMICummins downgraded to Underperform from Peer Perform at Wolfe (pre-open)
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April 15, 2015
10:00 EDTCMIOn The Fly: Analyst Downgrade Summary
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07:46 EDTCMICummins downgraded on negative catalysts forecast at Stifel
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06:17 EDTCMICummins downgraded to Hold from Buy at Stifel
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