Cummins Rating
NOMURA ON CUMMINS ; 27.05.2021
* MAINTAIN NEUTRAL TARGET: 650
* Nomura has a target of Rs 650 on Cummins, notesco did not provide FY22 revenue guidance due to near-term uncertainty
* Results Missed Operationally On Weaker Than Estimated Exports
* Q1 To Be Impacted As Well On High Commodity Prices & Export Uncertainty
* Due To Near-term Uncertainty, Co Did Not Provide FY22 Revenue Guidance
