Bull of the Day: Cummins (CMI)

September 3, 2010 Zacks Investment Research

Cummins (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. Liquidity is also improving.

The company reported strong results in the most recent quarter, driven by continued strength in the non-U.S. markets. It also surpassed the Zacks Consensus Estimate by $0.36 during the quarter.

These factors have led us to continue with our Outperform recommendation. Our $89 target price, 17.8X 2010 EPS (trailing 12-month P/E is 18.8), reflects this view.

CUMMINS INC (CMI): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*


Copyright © 2019 Wall Street Pit | Contact Us | Advertise | Terms of Use | Privacy Policy