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Fly News Breaks for July 31, 2019
CMI
Jul 31, 2019 | 08:44 EDT
Credit Suisse analyst Jamie Cook raised his price target for Cummins to $203 from $198 saying that even with lower sales, margins are "resilient" and the forecast unchanged. Further, the analyst believes the company is proactively getting ahead of the pending downturn and is well prepared to streamline costs and manage for solid decrementals.He reiterates an Outperform rating on the shares.
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