Cummins craters after pulling guidance; analysts warn on demand [Seeking Alpha]
Cummins Inc. (CMI)
Last cummins inc. earnings: 4/28 07:30 am
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Source: Seeking Alpha
On the Move Cummins craters after pulling guidance; analysts warn on demand Mar. 23, 2020 3:56 PM ET | Cummins Inc. (CMI) Carl Surran Cummins ( -11% on Friday Citi analyst Timothy Thein says Cummins' operations are being hurt by a temporary shutdown of pickup truck production, and more significantly to the company, its heavy duty customers are slowing build rates further. Baird's David Leiker notes some commercial vehicle manufacturers have announced plant downtime in North America, including Volvo/Mack and Navistar, but he thinks "the lack of coordinated shutdowns between truck makers is likely to make the operating environment more challenging for Cummins." Bloomberg analyst Christopher Ciolino says the the bigger concern is a collapse in end-market demand, noting further shutdowns may follow with customers cutting production and with potential supplier shortages and government mandates. See all stocks on the move » Now read: Dover To Acquire Em-tec For Medical Flow Measuremen
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CMI
News
- Cummins Inc. (NYSE: CMI) had its price target raised by analysts at Truist Financial Co. from $369.00 to $424.00. They now have a "hold" rating on the stock.MarketBeat
- Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Cummins Inc. (CMI) and Encourages Stockholders to Learn More About the InvestigationAccesswire
- GOP business group alleges California set up illegal cartel to push for electric trucks [FOX Business Network]FOX Business Network
- Those who invested in Cummins (NYSE:CMI) five years ago are up 133% [Yahoo! Finance]Yahoo! Finance
- Here's Why Cummins (CMI) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
CMI
Earnings
- 11/5/24 - Beat
CMI
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- CMI's page on the SEC website