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Cummins Shares Fall On Trucking Industry Woes
Stock quotes in this article:
CMI
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NEW YORK (AP) — Shares of diesel-engine manufacturer Cummins Inc. fell Wednesday, as investors fretted about the deterioration of the trucking industry.
In afternoon trading, Cummins shares fell 98 cents, or nearly 3 percent, to $32.58 after dropping to $31.94 earlier in the day. Over the past 52 weeks, the company's shares have traded between $17.70 and $75.98.
Henry Kirn of UBS Investment Research cut his rating for Cummins to "Neutral" from "Buy," citing valuation concerns. ...
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