Freedom Broker Downgrades Cummins (CMI) to Hold

Freedom Broker analyst Sergey Glinyanov downgraded Cummins (NYSE: CMI) from Buy to Hold with a price target of $399.00 (from $368.00).

The analyst comments "Despite headwinds in the Engine and Components segments, Cummins (CMI) demonstrated its ability to offset declines through a diversified business portfolio, delivering stronger margins and EPS that exceeded our expectations. We are raising our price target to $399 but lowering our rating to Hold."

For an analyst ratings summary and ratings history on Cummins click here. For more ratings news on Cummins click here.

Shares of Cummins closed at $387.03 yesterday.

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