Cummins Gets Its Energy Back
When your customers are suffering, you suffer with them. Cummins (NYSE: CMI) has had to deal with that dynamic for a long time, as the companies in the energy, mining, trucking, and construction markets that are the primary purchasers of its engines have struggled under tough industry conditions. Lately, those industries have shown signs of a recovery, and that has raised hopes that Cummins would recover more sharply as well.
Coming into Tuesday's third-quarter financial report, Cummins investors were optimistic that the engine maker would be able to take advantage of improving prospects for its primary customers. Cummins' results reflected rising demand in several key areas, and the company seems more optimistic than ever that it can accelerate its growth from here. Let's take a closer look at Cummins and whether its future is as bright as it seems to be.
Image source: Cummins.
Source: Fool.com
Cummins Inc. Aktie
Die Community ist gespalten bezüglich Cummins Inc., mit 7 Buy- und 5 Sell-Einschätzungen.
Das Kursziel von 253 € für Cummins Inc. liegt unter dem aktuellen Kurs von 266.6 €, ergibt aber ein negatives Potenzial von -5.1%.
