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Fly News Breaks for February 5, 2018
CMI
Feb 5, 2018 | 06:29 EDT
Deutsche Bank analyst Nicole DeBlase recommends selling Cummins should the stock rally on Tuesday's earnings report. While the company could beat expectations, NAFTA Class 8 production is likely to decline in 2019-2020, making a 2018 a likely earnings peak, DeBlase tells investors in a pre-earnings research note. The analyst lowered her price target for Cummins to $169 from $177 and keeps a Sell rating on the name.
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