Fly News Breaks for December 16, 2019
Dec 16, 2019 | 06:14 EDT
UBS analyst Steven Fisher raised his price target on Cummins to $162 to reflect the approval of U.S.-China phase one trade deal, saying the sentiment should improve and create some upside risk for the stock. The analyst still keeps his Sells rating however, noting that the market fundamentals for the company are still "weakening", with 2020 earnings facing a sharp decline and 2021 recovery seen as "less robust." Fisher adds that longer term structural changes will require continued investment.
News For CMI From the Last 2 Days
Oct 27, 2020 | 07:33 EDT
Reports Q3 revenue $5.1B, consensus $4.46B."Cummins successfully translated increased sales into strong profits and produced record operating cash flow during the third quarter," said Chairman and CEO Tom Linebarger. "I want to thank our employees all over the globe once again for their dedication to our company and to our customers. Over the last six months we have faced both the most severe decline in quarterly sales in our history as well as the largest sequential increase. We continue to work safely and effectively through an incredibly challenging period, meeting our commitments to customers who provide products critical to the functioning of the global economy."
Oct 26, 2020 | 12:48 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Pfizer (PFE), consensus 71c... Merck (MRK), consensus $1.43... Eli Lilly (LLY), consensus $1.71... 3M (MMM), consensus $2.26... Raytheon Technologies (RTX), consensus 50c... Caterpillar (CAT), consensus $1.12... Sherwin-Williams (SHW), consensus $7.75... Centene (CNC), consensus 96c... Cummins (CMI), consensus $2.35... Stanley Black & Decker (SWK), consensus $2.68... Corning (GLW), consensus 36c... Restaurant Brands (QSR), consensus 56c... TransUnion (TRU), consensus 75c... Omnicom Group (OMC), consensus $1.06... Sensata Technologies (ST), consensus 54c... Invesco (IVZ), consensus 47c... Harley-Davidson (HOG), consensus 28c... JetBlue (JBLU), consensus ($2)... Crocs (CROX), consensus 69c.