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Fly News Breaks for February 13, 2020
Feb 13, 2020 | 05:03 EDT
Goldman Sachs analyst Jerry Revich upgraded Cummins to Buy from Neutral with a price target of $200, up from $192. The analyst believes U.S. truck leading indicators have inflected, consensus estimates have been de-risked following the company's 2020 guidance that embeds a 40% U.S. Truck production cut, and investor sentiment on vertical integration risk has turned "overly negative." The analyst sees 19% upside in the shares with the bottoming of leading truck indicators.
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.