After initially opening higher, Cummins (CMI -1.5%) slides back in the face of an upgrade to...

|About: Cummins Inc. (CMI)|By:, SA News Editor

After initially opening higher, Cummins (CMI -1.5%) slides back in the face of an upgrade to Outperform at BMO Capital this morning. The firm cites the company's stabilizing global growth profile and pent-up demand in developed countries that should boost near-term sales. The company also ups its price target by 50%, to $120 from $79.