Market Overview

UPDATE: Jefferies Downgrades Cummins to Hold on Valuation

Share:
Related CMI
Stifel: We're Downgrading Cummins
Benzinga's Top Downgrades
Will Cummins' (CMI) Earnings Disappoint Investors in Q1? - Analyst Blog (Zacks)

Jefferies downgraded Cummins Inc. (NYSE: CMI) from Buy to Hold and maintained a $105.00 price target.

Jefferies said, "CMI shares are up 30% from Oct lows and are just 10% below all time highs. The shares are trading towards the upper end of the historical ranges based on 2013 Consensus, which already calls for a healthy re-acceleration of growth from 2H12 levels. Longer term, we view CMI as a core holding."

Cummins closed at $112.44 on Thursday.

Latest Ratings for CMI

DateFirmActionFromTo
Apr 2015Wolfe ResearchDowngradesUnderperform
Apr 2015Stifel NicolausDowngradesBuyHold
Apr 2015Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for CMI
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (CMI)

Around the Web, We're Loving...