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Fly News Breaks for October 28, 2015
CMI
Oct 28, 2015 | 07:39 EDT
Morgan Stanley downgraded Cummins to Underweight and lowered its price target to $79 following the Q3 report. Analyst Nicole DeBlase believes secular growth in the Components business is slowing, Emissions Solutions revenue growth is facing headwinds, share losses in the NAFTA engine business are likely, and consensus estimates are too high.
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