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

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Oppenheimer Sees A Good Entry Point In Cummins Shares

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
Dec 2017BarclaysInitiates Coverage OnEqual-Weight
Dec 2017OppenheimerInitiates Coverage OnOutperform
Dec 2017Goldman SachsDowngradesBuyNeutral

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Posted-In: Goldman SachsAnalyst Color Reiteration Analyst Ratings

 

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