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Cummins has the right truck engines at the right time |
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| Oct 27, 2009 11:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Buy  The global recovery is underway, and that's goods news for Cummins, Inc. (NYSE: CMI), which is why reiterating my Buy rating for the company's shares, first recommended on April 3, 2009 at a price of $29.70. If you bought CMI in April, you're up an impressive 57%.Look for Cummins, with more than 50% of its revenue derived from international markets, to register an impressive FY2010 revenue gain, on sales gains of its efficient truck engine and infrastructure-based power generation equipment. Basically, institutional investors (IIs) have looked beyond CMI's FY2009 revenue decline, and have bid-up the company's shares since March, on the U.S./global economic recoveries. Continue reading Cummins has the right truck engines at the right time Cummins has the right truck engines at the right time originally appeared on BloggingStocks on Tue, 27 Oct 2009 18:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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