Cummins valuation range raised to $113-$116 from $95-$97 at Wells Fargo

theflyonthewall.com

Wells Fargo increased its valuation range on Cummins as the firm believes that demand for trucks in Brazil, China, India, and the U.S. is likely bottoming. However, the firm thinks this trend has likely been reflected in the stock and it maintains a Market Perform rating.

View Comments