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Fly News Breaks for May 14, 2018
CMI
May 14, 2018 | 09:10 EDT
UBS analyst Steven Fisher hosted a battery panel conference to discuss battery technology and implications for the trucking industry. The analyst said with current lithium technology there is confidence that it makes sense for heavy duty trucks for 300 miles or less. The panel also felt confident in a 38% battery pack cost reduction by 2025. Fisher believes it will be difficult for Cummins to overcome structural challenges to its core diesel engine offering and therefore reiterated his Sell rating and $136 price target on the shares.
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