Market Overview

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

Share:
Related CMI
Tesla's 'Beast' Mode Activated; Elon Musk Bulks Up Its Line With New Semi Truck
Benzinga's Top Upgrades, Downgrades For September 5, 2017
Stocks Generating Improved Relative Strength: Paccar (Investor's Business Daily)

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
Sep 2017BuckinghamInitiates Coverage OnBuy
Aug 2017Deutsche BankMaintainsSell
Apr 2017PiperJaffrayDowngradesOverweightNeutral

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!
Loading...
Loading...