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CMI

Cummins

$137.12

1.99 (1.47%)

15:31
07/10/18
07/10
15:31
07/10/18
15:31

Cummins increases common stock dividend to $1.14 from $1.08 per share

The board of directors of Cummins approved an increase in the company's quarterly cash dividend on common stock from $1.08 per share to $1.14 per share, payable on September 4 to shareholders of record on August 22. "The increase in our dividend reinforces our commitment to increasing returns to shareholders and reflects our confidence in our long term performance," said Chairman and CEO Tom Linebarger.

CMI Cummins
$137.12

1.99 (1.47%)

06/29/18
MZHO
06/29/18
INITIATION
Target $150
MZHO
Neutral
Cummins initiated with a Neutral at Mizuho
Mizuho started Cummins with a Neutral rating and $150 price target.
07/10/18
STFL
07/10/18
UPGRADE
STFL
Buy
Cummins upgraded to Buy from Hold at Stifel
07/10/18
07/10/18
UPGRADE
Target $160

Buy
Stifel upgrades Cummins to Buy on 'stronger for longer' view of truck equipment
As previously reported, Stifel analyst Michael Baudendistel upgraded Cummins to Buy from Hold, stating that shares of truck equipment companies have been under pressure primarily on concerns that the cycle is at a peak. However, Baudendistel holds a "stronger for longer" view on the truck equipment market, mainly due to robust freight rates, he tells investors. Additionly, Baudendistel highlights Cummins' potential to utilize its balance sheet to complete one or more transformative acquisitions. Given that the company's end markets are generally at higher than average points in their respective cycles, he lowered his price target on Cummins shares, however, to $160 from $174.
07/10/18
07/10/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. CarMax (KMX) upgraded two notches to Overweight from Underweight at Morgan Stanley with analyst Armintas Sinkevicius saying longer term, he is constructive on dealers, citing a belief that tech disruption could accelerate consolidation and set up a transition toward "megafleet managers." 2. Cummins (CMI) upgraded to Buy from Hold at Stifel with analyst Michael Baudendistel saying shares of truck equipment companies have been under pressure primarily on concerns that the cycle is at a peak. 3. Wynn Resorts (WYNN) upgraded to Buy from Hold at Stifel with analyst Steven Wieczynski saying he believes the pullback in the stock recently has created a compelling opportunity. 4. KB Home (KBH) upgraded to Positive from Neutral at Susquehanna with analyst Jack Micenko citing a "clear and visible path" to further gross margin expansion and re-acceleration in community count and order growth well into 2019 for the upgrade, adding that underlying housing trends are strong in many of the markets in which the company currently operates despite "cautious" macro sentiment. 5. Quest Diagnostics (DGX) upgraded to Outperform from In Line at Evercore ISI with analyst Ross Muken saying the company will likely be the beneficiary of improved volumes, stable pricing, heightened M&A, and fund flows amid the heightened volatility within the Rx supply chain. 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

03:05
07/23/18
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03:05
General news
FX Update: The dollar remained on a softening track »

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AGIO

Agios Pharmaceuticals

$91.06

-0.23 (-0.25%)

, CELG

Celgene

$85.09

-0.26 (-0.30%)

20:07
07/22/18
07/22
20:07
07/22/18
20:07
Recommendations
Agios Pharmaceuticals, Celgene analyst commentary at Piper Jaffray »

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AGIO

Agios Pharmaceuticals

$91.06

-0.23 (-0.25%)

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Celgene

$85.09

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SYNT

Syntel

$39.15

0.14 (0.36%)

, FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

19:25
07/22/18
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On The Fly: Top five weekend stock stories »

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SYNT

Syntel

$39.15

0.14 (0.36%)

FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

PM

Philip Morris

$84.31

3.41 (4.22%)

RACE

Ferrari

$139.98

-2.65 (-1.86%)

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

NFLX

Netflix

$361.33

-2.81 (-0.77%)

TSLA

Tesla

$313.49

-6.85 (-2.14%)

SNE

Sony

$52.97

0.355 (0.67%)

AB

AllianceBernstein

$29.90

-0.05 (-0.17%)

BLK

BlackRock

$503.01

-1.42 (-0.28%)

BEN

Franklin Resources

$31.99

-0.28 (-0.87%)

IVZ

Invesco

$25.46

-0.245 (-0.95%)

LM

Legg Mason

$33.37

-0.13 (-0.39%)

TROW

T. Rowe Price

$119.87

-0.85 (-0.70%)

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INDB

Independent Bank

$88.10

6.45 (7.90%)

17:48
07/22/18
07/22
17:48
07/22/18
17:48
Upgrade
Independent Bank rating change at Keefe Bruyette »

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BHLB

Berkshire Hills Bancorp

$41.40

0.45 (1.10%)

17:47
07/22/18
07/22
17:47
07/22/18
17:47
Downgrade
Berkshire Hills Bancorp rating change at Keefe Bruyette »

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TWX

Acquired by T

$0.00

(0.00%)

, CMCSA

Comcast

$34.30

-0.61 (-1.75%)

17:14
07/22/18
07/22
17:14
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17:14
Hot Stocks
Box Office Battle: 'Equalizer 2' beats 'Mamma Mia: Here We Go Again!' »

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TWX

Acquired by T

$0.00

(0.00%)

CMCSA

Comcast

$34.30

-0.61 (-1.75%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$52.97

0.355 (0.67%)

FOX

21st Century Fox

$45.69

-0.5 (-1.08%)

FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

LGF.A

Lionsgate

$24.88

-0.08 (-0.32%)

DIS

Disney

$111.48

-0.66 (-0.59%)

VIAB

Viacom

$27.49

-0.51 (-1.82%)

VIA

Viacom

$32.10

-0.3 (-0.93%)

03/08/13
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BGNE

BeiGene

$169.98

5.95 (3.63%)

16:43
07/22/18
07/22
16:43
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16:43
Hot Stocks
BeiGene planning to pursue accelerated approval in U.S. of Zanubrutinib in WM »

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BGNE

BeiGene

$169.98

5.95 (3.63%)

16:40
07/22/18
07/22
16:40
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16:40
Hot Stocks
BeiGene announces preliminary topline results of Hodgkin's Lymphoma trial »

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SYNT

Syntel

$39.15

0.14 (0.36%)

16:17
07/22/18
07/22
16:17
07/22/18
16:17
Earnings
Syntel reports preliminary Q2 EPS 49c, consensus 44c »

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SYNT

Syntel

$39.15

0.14 (0.36%)

16:13
07/22/18
07/22
16:13
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16:13
Hot Stocks
Syntel enters definitive agreement to be acquired by Atos S.E. »

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DDE

Dover Downs

$2.04

0.01 (0.49%)

16:11
07/22/18
07/22
16:11
07/22/18
16:11
Hot Stocks
Dover Downs to combine with Twin River Worldwide »

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TWO

Two Harbors

$15.92

-0.05 (-0.31%)

, CYS

CYS Investments

$7.57

-0.025 (-0.33%)

13:36
07/22/18
07/22
13:36
07/22/18
13:36
Conference/Events
CYS Investments to host special shareholder meeting »

Special Shareholder…

TWO

Two Harbors

$15.92

-0.05 (-0.31%)

CYS

CYS Investments

$7.57

-0.025 (-0.33%)

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CYS

CYS Investments

$7.57

-0.025 (-0.33%)

, TWO

Two Harbors

$15.92

-0.05 (-0.31%)

13:34
07/22/18
07/22
13:34
07/22/18
13:34
Conference/Events
Two Harbors to host special shareholder meeting »

Special Shareholder…

CYS

CYS Investments

$7.57

-0.025 (-0.33%)

TWO

Two Harbors

$15.92

-0.05 (-0.31%)

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  • 08

    Aug

JD

JD.com

$35.50

-1.37 (-3.72%)

13:28
07/22/18
07/22
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13:28
Periodicals
JD.com plans move into Europe, Reuters reports »

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AAPL

Apple

$191.29

-0.66 (-0.34%)

12:37
07/22/18
07/22
12:37
07/22/18
12:37
Periodicals
China aiming to supply Apple with OLED smartphone screens, WSJ says »

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  • 31

    Jul

PZZA

Papa John's

$51.61

0.62 (1.22%)

12:30
07/22/18
07/22
12:30
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12:30
Periodicals
Papa John's board to discuss 'poison pill,' WSJ reports »

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EADSY

Airbus

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

(0.00%)

12:22
07/22/18
07/22
12:22
07/22/18
12:22
Periodicals
Airbus CEO says open to jet fighter merger with BAE Systems, Reuters reports »

The chief executive of…

EADSY

Airbus

$0.00

(0.00%)

BAESY

BAE Systems

$0.00

(0.00%)

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VLKAY

Volkswagen

$0.00

(0.00%)

12:17
07/22/18
07/22
12:17
07/22/18
12:17
Periodicals
Volkswagen parking cars due to new emissions testing bottlenecks, Reuters says »

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KKR

KKR

$27.26

0.21 (0.78%)

12:11
07/22/18
07/22
12:11
07/22/18
12:11
Hot Stocks
KKR consortium proposes acquisition of LCY Chemical »

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  • 26

    Jul

PM

Philip Morris

$84.31

3.41 (4.22%)

, RACE

Ferrari

$139.98

-2.65 (-1.86%)

11:58
07/22/18
07/22
11:58
07/22/18
11:58
Hot Stocks
Philip Morris' non-executive board chairman to assume CEO role at Ferrari »

Philip Morris (PM) said…

PM

Philip Morris

$84.31

3.41 (4.22%)

RACE

Ferrari

$139.98

-2.65 (-1.86%)

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  • 01

    Aug

MDLZ

Mondelez

$42.46

0.21 (0.50%)

11:55
07/22/18
07/22
11:55
07/22/18
11:55
Hot Stocks
Mondelez conducts voluntary recall of certain Ritz Cracker sandwiches »

Mondelez Global announced…

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  • 25

    Jul

ACN

Accenture

$166.47

-0.47 (-0.28%)

, EADSY

Airbus

$0.00

(0.00%)

04:55
07/22/18
07/22
04:55
07/22/18
04:55
Conference/Events
Farnborough International to hold an airshow »

Farnborough International…

ACN

Accenture

$166.47

-0.47 (-0.28%)

EADSY

Airbus

$0.00

(0.00%)

ATI

Allegheny Technologies

$26.65

0.08 (0.30%)

BAESY

BAE Systems

$0.00

(0.00%)

BDRBF

Bombardier

$0.00

(0.00%)

CAE

CAE

$20.96

0.17 (0.82%)

CW

Curtiss-Wright

$125.79

-0.12 (-0.10%)

DASTY

Dassault Systemes

$0.00

(0.00%)

ESLT

Elbit Systems

$118.98

0.64 (0.54%)

LMT

Lockheed Martin

$322.76

3.09 (0.97%)

BA

Boeing

$354.92

-0.57 (-0.16%)

03/08/13
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    Aug

FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

13:14
07/21/18
07/21
13:14
07/21/18
13:14
Hot Stocks
Fiat names Jeep head as CEO as Marchionne's health worsens »

In a statement, Fiat…

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RACE

Ferrari

$139.98

-2.65 (-1.86%)

, PM

Philip Morris

$84.31

3.41 (4.22%)

13:10
07/21/18
07/21
13:10
07/21/18
13:10
Hot Stocks
Ferrari to name former Philip Morris chairman as CEO »

The Board of Directors of…

RACE

Ferrari

$139.98

-2.65 (-1.86%)

PM

Philip Morris

$84.31

3.41 (4.22%)

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  • 01

    Aug

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

, TM

Toyota

$131.87

0.11 (0.08%)

12:51
07/21/18
07/21
12:51
07/21/18
12:51
Periodicals
Amazon, others working to counter Trump's tariff plans, Reuters says »

Big companies in the…

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

TM

Toyota

$131.87

0.11 (0.08%)

AA

Alcoa

$40.32

-1.36 (-3.26%)

03/08/13
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  • 26

    Jul

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    Aug

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