Cummins Announces Second Quarter Results; Raises Outlook for 2017
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Cummins (CMI) PT Raised to $165 at Jefferies; Reiterates Hold
August 2, 2017 9:14 AM EDTJefferies raised its price target on Cummins (NYSE: CMI) to $165.00 (from $160.00) while maintaining a Hold rating following 2Q results. CMI reported EPS of $2.53 compared to Consensus at $2.58. Results included two warranty adjustments totaling $57 mln.
CMI raised revenue guidance to +9-11% but left its EBIT... More
Cummins (CMI) Reports Q2 EPS of $2.53; Raises Outlook
August 1, 2017 7:35 AM EDTCummins (NYSE: CMI) reported Q2 EPS of $2.53, versus $2.40 reported last year. Revenue for the quarter came in at $5.1 billion, versus $4.53 billion reported last year.
The company expects stronger sales growth with full year 2017 revenues to be up 9 to 11 percent, compared to... More