Loading...
Loading...
In a report published Wednesday, Citigroup analyst Timothy Thein reiterated a Buy rating on
CumminsCMI, and raised the price target from $125.00 to $135.00.
In the report, Citigroup noted, “Our 2013 EPS estimate is raised to $8.10 (from $7.80) as we adjust for the 2Q upside surprise (which came entirely from the operating segments), and a slight downward adjustment to our 2H13 tax rate assumption. Despite the higher '13 earnings base, our out-year estimates are essentially unchanged, as we incorporate Citi's lower EM macro growth rates. We still project double-digit EPS growth in '14 and '15; Buy.”
Cummins closed on Tuesday at $118.23.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in