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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

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EIGR

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ALTR

Altair

$35.24

1.14 (3.34%)

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ARWR

Arrowhead

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0.71 (5.40%)

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UTX

United Technologies

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UTX

United Technologies

$132.50

2.18 (1.67%)

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BIIB

Biogen

$338.26

9.52 (2.90%)

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NFLX

Netflix

$346.40

13.29 (3.99%)

05:23
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IQ

iQIYI

$25.91

-0.19 (-0.73%)

, VIA

Viacom

$36.07

1.11 (3.18%)

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CTRP

Ctrip

$34.48

-1.69 (-4.67%)

, AFLYY

Air France-KLM

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CTRP

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INFY

Infosys

$10.22

0.32 (3.23%)

05:17
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  • 21

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TECH

Bio-Techne

$185.40

2.84 (1.56%)

05:13
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  • 06

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BIO

Bio-Rad

$289.60

11.73 (4.22%)

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PSTG

Pure Storage

$23.40

1.1 (4.93%)

, NTAP

NetApp

$77.98

2.63 (3.49%)

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NTAP

NetApp

$77.98

2.63 (3.49%)

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UAL

United Continental

$83.51

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ANZFF

Air New Zealand

$0.00

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DAL

Delta Air Lines

$53.11

1.27 (2.45%)

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AAL

American Airlines

$33.30

1.52 (4.78%)

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INFY

Infosys

$10.22

0.32 (3.23%)

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SPLP

Steel Partners

$16.74

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  • 17

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CYTK

Cytokinetics

$8.68

1.06 (13.91%)

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Conference/Events
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