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

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