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Cummins Stock Falls on Analyst Downgrade Hydrogen Faces Uncertainty

Friday, BofA analyst Michael Feniger downgraded shares of Cummins to Sell from Hold and took his target price to $225 a share from $243.

Sector Shifts: Bank of America Analyst Forecasts Challenging 2024 for Machinery, Downgrades Cummins and GFL, Upgrades PACCAR - PACCAR (NASDAQ:PCAR), Terex (NYSE:TEX), GFL Environmental (NYSE:GFL), Cummins (NYSE:CMI)

BofA Securities' Michael Feniger adjusts ratings for machinery and energy companies, anticipating challenges in the machinery sector due to slow backlogs and moderating pricing. The analyst downgrades GFL Environmental and Cummins but upgrades PACCAR, reflecting a nuanced outlook amid expectations of a tightening cycle and global economic shifts.

AECOM (NYSE:ACM) Q4 2023 Earnings Call Transcript

AECOM (NYSE:ACM) Q4 2023 Earnings Call Transcript November 14, 2023 Operator: Good morning, and welcome to the AECOM Fourth Quarter 2023 Conference Call. I would like to inform all participants that this call is being recorded at the request of AECOM. This broadcast is the copyrighted property of AECOM. Any rebroadcast of this information in […]

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