Cummins (CMI +0.5%) bucks a weak tape after Goldman Sachs ups the shares to Conviction Buy with...

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

Cummins (CMI +0.5%) bucks a weak tape after Goldman Sachs ups the shares to Conviction Buy with a price target of $144. The price target represents a 30% upside from current levels, as Goldman says it's expecting a strong new product cycle in machinery, with contract awards in the coming months that could exceed $1B. The firm adds that CMI's core global truck markets are also in the early stages of recovery as production rises off trough 1Q levels.