Atlantic Equities Downgrades Cummins (CMI) To Neutral

Atlantic Equities analysts Rorrie Mars and Richard Radbourne downgraded shares of Cummins Inc. (NYSE: CMI) to Neutral with a price target of $67.

Although the Atlantic Equities analysts were largely positive about the fundamentals of Cummins Inc., they believe that the current stock price already reflects much of its near-term upside potential.

The Atlantic Equities analysts wrote, "whilst we have high regard for CMI’s business prospects we believe that near term growth potential is largely reflected in the current price. We are downgrading CMI as we see other stocks under our coverage with greater upside potential at the current time."