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CMI

Cummins

$141.78

3.56 (2.58%)

08:31
12/01/16
12/01
08:31
12/01/16
08:31

Cummins downgraded to Outperform on valuation at CLSA

As previously reported, CLSA downgraded Cummins to Outperform from Buy. Analyst Kristine Kubacki changed her rating citing valuation and maintained its $150 price target.

CMI Cummins
$141.78

3.56 (2.58%)

10/11/16
10/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/07/16
EVER
11/07/16
UPGRADE
EVER
Buy
Cummins upgraded to Buy from Hold at Evercore ISI
Evercore ISI analyst David Raso upgraded Cummins to Buy and raised its price target to $144 from $114 based on lowered expectations, valuation, and accelerating inflation. The analyst said Cummins' heavy exposure to emerging markets and expectations that 2018 North America heavy truck markets will return to growth are a key driver for the upgrade.
11/07/16
11/07/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Time Warner (TWX) upgraded to Outperform from Neutral at Credit Suisse with analyst Omar Sheikh citing attractive valuation. 2. Waste Management (WM) upgraded to Overweight from Equal Weight at Barclays with analyst Jon Windham saying the recent pullback in shares provides a buying opportunity given the company's "strong" underlying fundamentals. 3. Parker-Hannifin (PH) upgraded to Buy from Hold at Evercore ISI and to Overweight from Equal Weight at Morgan Stanley. 4. Biogen (BIIB) upgraded to Overweight from Neutral at Piper Jaffray with analyst Joshua Schimmer saying the company still has time to "get its act together to maximize the value of its SMA franchise, and stop being M&A disciplined/pipeline-undisciplined." 5. Cummins (CMI) upgraded to Buy from Hold at Evercore ISI with analyst David Raso citing lowered expectations, valuation, and accelerating inflation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/01/16
LYON
12/01/16
DOWNGRADE
LYON
Outperform
Cummins downgraded to Outperform from Buy at CLSA

TODAY'S FREE FLY STORIES

LULU

lululemon

$57.24

0.12 (0.21%)

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On The Fly: What to watch in lululemon earnings report »

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General news
Treasury Option Action: a rash of put selling in the belly »

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ABT

Abbott

$37.67

-0.75 (-1.95%)

, ALR

Alere

$39.65

-0.21 (-0.53%)

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Abbott seeks to terminate Alere deal, citing loss of value since agreement »

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ABT

Abbott

$37.67

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ALR

Alere

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  • 07

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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$NSD

NASDAQ Market Internals

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Technical Analysis
NASDAQ market internals summary »

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11:15
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Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools and…

ABT

Abbott

$37.63

-0.79 (-2.06%)

, ALR

Alere

$39.67

-0.19 (-0.48%)

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11:15
Hot Stocks
Breaking Hot Stocks news story on Abbott, Alere »

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$37.63

-0.79 (-2.06%)

ALR

Alere

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  • 07

    Dec

ALR

Alere

$39.70

-0.1601 (-0.40%)

11:13
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Hot Stocks
Breaking Hot Stocks news story on Alere »

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11:11
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11:11
Conference/Events
JPMorgan pharmaceuticals major/specialty holds analyst/industry conference call »

Pharmaceuticals--Major…

IWM

iShares Trust Russell 2000 Index Fund

$134.66

0.07 (0.05%)

11:10
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Options
Put spread in iShares Russell 2000 closes position opened Nov 17th »

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IDCC

InterDigital

$82.40

1.05 (1.29%)

11:08
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12/07
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11:08
Downgrade
InterDigital rating change  »

InterDigital downgraded…

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11:07
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Conference/Events
JPMorgan U.K. utilities analyst holds an analyst/industry conference call »

U.K. Utilities Analyst…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

, NSRGY

Nestle

$67.79

0.09 (0.13%)

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Hain Celestial names Gary Tickle COO »

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HAIN

Hain Celestial

$39.20

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NSRGY

Nestle

$67.79

0.09 (0.13%)

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11:02
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Conference/Events
JPMorgan metals, mining & steel analysts hold analyst/industry conference call »

Metals, Mining &…

AVT

Avnet

$47.09

0.4 (0.86%)

11:00
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Avnet enters collaboration with Micro Focus »

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SPGI

S&P Global

$113.07

-0.5 (-0.44%)

11:00
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Conference/Events
JPMorgan Brazilian Ethanol analysts hold an analyst/industry conference call »

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  • 07

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MT

ArcelorMittal

$8.49

0.145 (1.74%)

11:00
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Options
Arcelor Mittal calls active as shares reach 52-week highs »

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10:55
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Conference/Events
The SEC to hold a committee meeting »

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XRX

Xerox

$9.73

0.43 (4.62%)

10:52
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Xerox rallies sharply on very heavy volume, levels to watch »

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  • 07

    Dec

WDC

Western Digital

$63.85

1.76 (2.83%)

, MU

Micron

$19.06

0.45 (2.42%)

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Brean Capital leads bullish analysts in upping Western Digital targets »

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WDC

Western Digital

$63.85

1.76 (2.83%)

MU

Micron

$19.06

0.45 (2.42%)

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  • 07

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CAVM

Cavium

$61.47

4.41 (7.73%)

10:51
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Conference/Events
Cavium management to meet with Canaccord »

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  • 08

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ARI

Apollo Commercial

$17.61

0.1 (0.57%)

10:50
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Conference/Events
Apollo Commercial management to meet with JMP Securities »

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  • 08

    Dec

FTNT

Fortinet

$29.93

-0.29 (-0.96%)

10:50
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Options
Bullish flow in Fortinet includes a three-way spread »

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  • 12

    Dec

MAR

Marriott

$82.08

1.08 (1.33%)

10:49
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Marriott's Luxury Collection announces five openings across Europe »

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AI

Arlington Asset Investment

$16.57

-0.02 (-0.12%)

10:48
12/07/16
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10:48
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10:48
Conference/Events
Arlington Asset Investment management to meet with JMP Securities »

Meeting to be held in New…

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  • 08

    Dec

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