Market Overview

UPDATE: Goldman Sachs Reiterates CL-Buy Rating on Cummins on Strong Product Cycle

Share:
Related CMI
5 U.S. Stocks Suffering From China Exposure
20 Dividend Growth Stocks To Buy Today For Your Retirement Portfolio
The 19 Best Stocks for Value Investors This Week (GuruFocus)

In a report published Friday, Goldman Sachs reiterated its Conviction List-Buy rating on Cummins (NYSE: CMI).

Goldman Sachs noted, “We reiterate our CL-Buy on CMI as Navistar's turnaround progress utilizing Cummins engines (1) reinforces our view that Navistar will award Cummins a $400 mn medium duty aftertreatment contract and (2) provides upside to CMI's US heavy duty market share estimates.”

Cummins closed on Thursday at $115.87.

Latest Ratings for CMI

DateFirmActionFromTo
Aug 2015Standpoint ResearchUpgradesHoldBuy
Aug 2015Evercore PartnersDowngradesBuyHold
Jul 2015SusquehannaMaintainsNeutral

View More Analyst Ratings for CMI
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CMI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters