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April 11, 2016
Macquarie Downgraded Cummins Inc. (CMI) to Neutral
Cummins Inc. (NYSE:CMI) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.
In related news, VP Marsha L. Hunt sold 300 shares of the company’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $95.36, for a total value of $28,608.00. Following the sale, the vice president now owns 2,438 shares in the company, valued at approximately $232,487.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Source: American Banking and Market News