Market Overview

UPDATE: Jefferies Downgrades Cummins to Hold on Valuation

Share:
Related CMI
William Blair Mixed On Cummins And Tableau Following Earnings
Earnings Recap For February 4
Cummins declares $0.975 dividend (Seeking Alpha)

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
Feb 2016MacquarieMaintainsOutperform
Feb 2016Deutsche BankMaintainsHold
Feb 2016SusquehannaMaintainsNeutral

View More Analyst Ratings for CMI
View the Latest Analyst Ratings

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

 

Related Articles (CMI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters