January 19, 2017

Cummins Inc. (CMI) Raised to Buy at Longbow Research

Cummins Inc. (NYSE:CMI) was upgraded by research analysts at Longbow Research from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $165.00 target price on the stock. Longbow Research’s price target points to a potential upside of 17.94% from the stock’s current price.

A number of other analysts have also weighed in on the company. BMO Capital Markets reissued a “hold” rating and set a $150.00 price objective on shares of Cummins in a research note on Friday, January 13th. Barclays PLC raised Cummins from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $108.00 to $135.00 in a research note on Monday, January 9th. Vetr raised Cummins from a “sell” rating to a “buy” rating and set a $144.50 price target for the company in a research note on Monday, December 19th. Evercore ISI raised Cummins from a “hold” rating to a “buy” rating and raised their price target for the stock from $113.00 to $144.00 in a research note on Monday, November 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $109.00 price target (up previously from $103.00) on shares of Cummins in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. Cummins presently has an average rating of “Hold” and an average price target of $124.26.




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