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Bull of the Day

Cummins, Inc. (CMI)

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By: Zacks Equity Research
September 03, 2010 | Comment(s): 0
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CMI
Cummins (CMI - Analyst Report) is set to benefit from fuel economy improvements, new emission standards and increased prices. Liquidity is also improving.

The company reported strong results in the most recent quarter, driven by continued strength in the non-U.S. markets. It also surpassed the Zacks Consensus Estimate by $0.36 during the quarter.

These factors have led us to continue with our Outperform recommendation. Our $89 target price, 17.8X 2010 EPS (trailing 12-month P/E is 18.8), reflects this view.

Cummins, Inc. (CMI) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on CMI

 

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