Morgan Stanley Cuts Cummins To Sell, Sees 22%+ Downside Possible

Cummins (CMI) fell to a new 52-week low Wednesday after warning of a global slowdown in its third-quarter earnings report. Bloomberg News Morgan Stanley’s Nicole DeBlase and her team write that while the market is finally starting to understand the cyclical headwinds Cummins faces, its future looks even rockier than the stock reflects at present. […]