Will A Euro Buyer Rev Up Cummins?By
Shares of Cummins Engine (CUM) in Columbus, Ind., the top producer of diesel engines for trucks, power generation, and construction tractors, haven't been turbocharged. From a 52-week high of 69, the stock is down to 39. Earnings disappointments due to stiff competition have flattened the stock. "Weaker margins and deteriorating end markets could spell trouble for 1999," warns Tobias Levkovich, an analyst at Salomon Smith Barney, who has a hold-neutral rating on Cummins.
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