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

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.
Comments (1)
  • CMI is hanging in there pretty well. A definite buy if it drops to the 80s again
    8 Nov 2012, 04:12 PM Reply Like
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