Analysts at Wells Fargo downgrades shares of Cummings Inc. CMI to Market Perform and decreased its price target to $145 to $148 Tuesday.
Analysts feel the company will demonstrate slower growth potential than previously expected, as demand trends did not unfold as anticipated.
Casey stated, “We now expect more modest improvement in emerging markets and power generation demand.”
Shares of Cummings Inc. recently traded at $135.50 down 1.7 percent Tuesday morning.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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