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CMI

Cummins

$173.17

1.26 (0.73%)

11:17
10/13/17
10/13
11:17
10/13/17
11:17

Cummins reports proposal to implement unilateral investor by-law amendment power

Cummins announced that it is planning to submit to a vote of shareholders at its 2018 Annual Meeting of Shareholders amendments to its Restated Articles of Incorporation to provide shareholders with the ability to unilaterally amend Cummins' By-laws. If approved by the shareholders, the amendments to the Restated Articles of Incorporation will become effective promptly after the 2018 Annual Meeting of Shareholders, along with a conforming By-law amendment.

CMI Cummins
$173.17

1.26 (0.73%)

09/05/17
BUCK
09/05/17
INITIATION
BUCK
Buy
Cummins initiated with a Buy at Buckingham
Buckingham analyst Neil Frohnapple started coverage of Cummins with a $180 price target and a Buy rating. The analyst sees the stock as "an attractive avenue to play increasing North American commercial vehicle builds over the next few years and a recovery in global off-highway markets." He thinks that the stock's risk/reward ratio is positive.
10/04/17
JPMS
10/04/17
UPGRADE
Target $83
JPMS
Overweight
Paccar upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Ann Duignan upgraded Paccar (PCAR) to Overweight and raised her price target for the shares to $83 from $70. North American Class 8 retail truck sales have accelerated in recent months as orders, up 44% year-to-date, are finally turning into actual sales, Duignan tells investors in a research note. Improved truck demand in 2018 should "disproportionately benefit" Paccar, the analyst contends. Duignan also raised her price target for Neutral-rated Cummins (CMI) to $172 from $154 and Neutral-rated Navistar (NAV) to $41 from $36.
10/12/17
LBOW
10/12/17
DOWNGRADE
LBOW
Neutral
Cummins downgraded to Neutral following dealer checks at Longbow
Longbow analyst Faheem Sabeiha downgraded Cummins to Neutral from Buy following a recent truck dealer survey that suggests initial 2018 sales growth is below current industry forecasts, partly due to driver shortage concerns. Contacts expect 2018 Class 8 sales increase of 10% versus FTR Associate's build forecast of up 21%, the analyst wrote in a note to investors. The analyst believes consensus estimates reflect Class 8 industry builds at the high-end of the typical replacement range and said shares have had a solid run recently.
10/12/17
10/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Matthew Fassler saying shares have achieved in three months what he had expected in a year on an improvement in sentiment, but not on higher earnings estimates. 2. Monro (MNRO) downgraded to Hold from Buy at Jefferies with analyst Bret Jordan citing expectations the company's earnings growth will slow in 2018 as its focus shifts from acquisitions to improving store-level execution. 3. Diamond Offshore (DO) downgraded to Sell from Neutral at Citi with analyst Scott Gruber saying that if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. 4. Cummins (CMI) downgraded to Neutral following dealer checks at Longbow with analyst Faheem Sabeiha citing a recent truck dealer survey that suggests initial 2018 sales growth is below current industry forecasts, partly due to driver shortage concerns. 5. Disney (DIS), AMC Networks (AMCX), and Viacom (VIA, VIAB) were downgraded to Neutral from Buy at Guggenheim. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

19:15
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General news
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ATRS

Antares Pharma

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SHIP

Seanergy Marine

$1.24

0.0199 (1.63%)

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HLI

Houlihan Lokey

$41.56

0.18 (0.43%)

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  • 24

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GEO

Geo Group

$26.20

0.2 (0.77%)

17:48
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  • 14

    Dec

DBVT

DBV Technologies

$48.07

0.92 (1.95%)

, AIMT

Aimmune

$25.66

-0.06 (-0.23%)

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DBVT

DBV Technologies

$48.07

0.92 (1.95%)

AIMT

Aimmune

$25.66

-0.06 (-0.23%)

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  • 06

    Nov

KALV

KalVista

$11.26

1.99 (21.47%)

, DBVT

DBV Technologies

$48.07

0.92 (1.95%)

17:24
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KALV

KalVista

$11.26

1.99 (21.47%)

DBVT

DBV Technologies

$48.07

0.92 (1.95%)

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IPCI

Intellipharmaceutics

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DBVT

DBV Technologies

$48.07

0.92 (1.95%)

17:21
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10/20
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WFC

Wells Fargo

$54.92

1.17 (2.18%)

17:08
10/20/17
10/20
17:08
10/20/17
17:08
Periodicals
Regulator criticizes Wells Fargo over deceptive auto insurance program, NYT says »

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  • 22

    Oct

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    Jan

ALIM

Alimera Sciences

17:01
10/20/17
10/20
17:01
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17:01
Syndicate
Alimera Sciences to sell $25M in shares in an 'at the market offering' »

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SYMC

Symantec

$32.66

0.33 (1.02%)

16:51
10/20/17
10/20
16:51
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16:51
Syndicate
Breaking Syndicate news story on Symantec »

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  • 01

    Nov

EBMT

Eagle Bancorp

$19.55

0.15 (0.77%)

16:44
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10/20
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Breaking Hot Stocks news story on Eagle Bancorp »

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KALV

KalVista

$11.26

1.99 (21.47%)

16:43
10/20/17
10/20
16:43
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16:43
Hot Stocks
Breaking Hot Stocks news story on KalVista »

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JAGX

Jaguar Health

$0.19

0.002 (1.08%)

16:41
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Breaking Syndicate news story on Jaguar Health »

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TSLA

Tesla

$345.10

-6.71 (-1.91%)

16:40
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Hot Stocks
Tesla amends 'warehouse agreements' to increase commitments to $1.1B »

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  • 01

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SNV

Synovus

$47.30

0.54 (1.15%)

16:38
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Hot Stocks
Synovus CBO sells 10,000 common shares »

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  • 03

    Nov

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GTXI

GTx

$7.92

0.1 (1.28%)

16:38
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Syndicate
Breaking Syndicate news story on GTx »

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ASB

Associated Banc-Corp

$25.90

1.3 (5.28%)

, BKMU

BankMutual

$10.80

0.55 (5.37%)

16:36
10/20/17
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Conference/Events
BankMutual to host special shareholder meeting »

Special Shareholder…

ASB

Associated Banc-Corp

$25.90

1.3 (5.28%)

BKMU

BankMutual

$10.80

0.55 (5.37%)

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  • 24

    Oct

CNXR

Connecture

$0.49

-0.01 (-2.00%)

16:35
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10/20
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Hot Stocks
Breaking Hot Stocks news story on Connecture »

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GE

General Electric

$23.83

0.25 (1.06%)

, PG

Procter & Gamble

$88.25

-3.34 (-3.65%)

16:31
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16:31
General news
On The Fly: Top stock stories for Friday »

Stocks opened sharply…

GE

General Electric

$23.83

0.25 (1.06%)

PG

Procter & Gamble

$88.25

-3.34 (-3.65%)

CELG

Celgene

$121.33

-14.63 (-10.76%)

SNCR

Synchronoss

$11.39

-0.12 (-1.04%)

IL

Bought by SNCR

SKX

Skechers

$33.99

9.96 (41.45%)

PYPL

PayPal

$70.97

3.72 (5.53%)

NCR

NCR Corp.

$33.05

-4 (-10.80%)

LHO

LaSalle Hotel

$28.52

-1.94 (-6.37%)

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  • 20

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16:30
10/20/17
10/20
16:30
10/20/17
16:30
Options
Preliminary option volume of 22.9M today »

Preliminary option volume…

MKL

Markel

$1,078.23

14.88 (1.40%)

, SNC

State National

$21.05

0.02 (0.10%)

16:26
10/20/17
10/20
16:26
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16:26
Conference/Events
State National to host special shareholder meeting »

Special Shareholder…

MKL

Markel

$1,078.23

14.88 (1.40%)

SNC

State National

$21.05

0.02 (0.10%)

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  • 24

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    Oct

RYTM

Rhythm Pharmaceuticals

$23.08

-0.17 (-0.73%)

16:22
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