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CMI - Cummins Inc News Story

$224 0.6  0.3%

Last Trade - 24/01/22

Consumer Cyclicals
Large Cap
Market Cap £23.57bn
Enterprise Value £24.93bn
Revenue £17.71bn
Position in Universe 409th / 7405

BUZZ-Cummins: Rises on Citigroup's upgrade to 'buy'

Tue 16th April, 2019 1:44pm
** Shares of U.S. engine maker Cummins Inc  CMI.N  up ~1.2
pct in premarket trade
    ** Brokerage Citigroup upgrades to "buy" from "neutral" and
raises PT by $35 to $190; analysts' median PT of $160 as per
Refinitiv Eikon Data
    ** Brokerage sees upside to co's 2019 estimates, cash flows
to stay higher for longer, continued improvement in China/EM
sentiment should help to support a higher multiple 
    ** Broker expect co to benefit from increased diesel engine
outsourcing from global OEMs (Original Equipment makers)
    ** Broker raises 2019 EPS estimate to $15.90 
    ** 8 of 27 analysts' covering the stock has "buy" or higher
rating; 17 "hold" while 2 analysts' rated the stock as "sell" or
lower - Refinitiv Eikon Data
    ** Stock is up ~23 pct YTD

 (Reporting By Aniruddha Chakrabarty)
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