Monday, April 30, 2007

Least Helpful Call This Morning

This morning’s Least Helpful Research Call just crossed my screen via the indispensable It concerns Cummins Engines, which recently reported terrific earnings, and it is brought to us by Longbow Research.

Cummins upgraded to Neutral from Sell at Longbow (96.14 )

Cummins’ stock was trading below $60 not quite four months ago.

I am not making this up.

Jeff Matthews
I Am Not Making This Up

© 2007 Jeff Matthews

The content contained in this blog represents the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews' recommendations. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author.

1 comment:

Stan said...

Does this count as a useless call?

MedImmune "market perform," target price raised

Tuesday, May 01, 2007 9:48:16 AM ET
Friedman,Billings,Ramsey &Co

NEW YORK, May 1 ( - Analysts at Friedman Billings reiterate their "market perform" rating on MedImmune Inc (MEDI.NAS). The target price has been raised from $44 to $58