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Longbow downgraded Cummins (NYSE:CMI) from Buy to Neutral in a report released today.

Longbow has downgraded Cummins (NYSE:CMI) from Buy to Neutral in a report released on 10/12/2017.

Previously on 9/5/2017, Buckingham Research reported on Cummins (NYSE:CMI) raised the target price from $0.00 to $180.00. At the time, this indicated a possible upside of 0.13%.

Yesterday Cummins (NYSE:CMI) traded -0.24% lower at $172.05. The company’s 50-day moving average is $164.61 and its 200-day moving average is $158.99. The last closing price is up 8.13% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 115,707 shares of the stock were exchanged, down from an average trading volume of 1,242,010

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Cummins (NYSE:CMI)

Cummins has a 52 week low of $121.22 and a 52 week high of $173.15 with a P/E ratio of 19.43 The company’s market cap is currently $0.

In addition to Longbow reporting its target price, a total of 19 brokers have issued a report on the stock. The consensus target price is $110.16 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 19 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Cummins (NYSE:CMI)

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets. The Distribution segment consists of the product lines, which service and/or distribute a range of products and services, including parts, engines, power generation and service. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Systems segment consists of businesses, including Power generation, Industrial and Generator technologies.

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