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Fly News Breaks for January 25, 2016
WBC, PCAR, CMI
Jan 25, 2016 | 08:07 EDT
Citi analyst Timothy Thein downgraded Cummins (CMI) to Neutral saying the company's key end markets are losing momentum. The analyst sees better risk-adjusted upside for other names in the North America Truck market and coupled the downgrade with an upgrade of PACCAR (PCAR). Thein also keeps a Buy rating on WABCO (WBC). He cut his price target for Cummins to $95 from $120.
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