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.

Zacks Investment Research

1. (CMI) Cummins’ First Quarter 2010 Earnings ScorecardCummins Inc. (CMI) reported its first quarter earnings for 2010 on April 27, 2010, outperforming...
2. (CMI) Cummins Incorporated – Bull of the DayCummins, Inc. (CMI) is set to benefit from fuel economy improvements, new emission standards and...
3. (CMI) Cummins Future Projections are OptimisticAt a meeting at the New York Stock Exchange, Cummins Inc. (CMI) has revealed that...
4. (CMI) Cummins Incorporated Reports Solid QuarterCummins Inc. (CMI) has posted a profit of $270 million or $1.36 per share in...
5. (CMI) Cummins to Rehire 270 Workers at its Columbus Midrange Engine PlantCummins (CMI) has revealed that it will recall about 270 production employees at its Columbus...
6. (CMI) Earnings Preview for CumminsCummins (CMI) will release its sales and earnings results for the third quarter on Oct...

Search Posts by Tag: CMI | Cummins Inc. | Diversified Machinery | Industrial Goods

RSS Feeds by Tag: CMI | Cummins Inc. | Diversified Machinery | Industrial Goods |

Other Posts by: vitalstocks | RSS Feed for this author