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) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cummins Inc. (NYSE: CMI) had its price target raised by analysts at Truist Financial Co. from $303.00 to $319.00. They now have a "hold" rating on the stock.MarketBeat
- Global Trailer Stabilizer Market Forecasted to Reach $13.07 Billion by 2028: Rapid Growth Driven by Emerging Trends and Expanding Applications - Forecasts to 2033 [Yahoo! Finance]Yahoo! Finance
- Cummins Inc. (NYSE: CMI) had its price target lowered by analysts at Robert W. Baird from $298.00 to $295.00. They now have a "neutral" rating on the stock.MarketBeat
- Cummins (CMI) Q1 Earnings Miss, Fall Y/Y, Sales Top Estimates [Yahoo! Finance]Yahoo! Finance
CMI
Earnings
- 5/2/24 - Beat
CMI
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- CMI's page on the SEC website