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<blockquote data-quote="Weather Man" data-source="post: 16592852" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3672792-cummins-touches-all-time-high-after-deal-with-japans-hino-trucks" target="_blank">Cummins touches all-time high after deal with Japan's Hino Trucks</a></p><ul> <li data-xf-list-type="ul">Cummins (<a href="https://seekingalpha.com/symbol/CMI" target="_blank">CMI</a> +0.4%) edges up to an all-time intraday high after Japanese truckmaker Hino Trucks said it planned to <a href="https://seekingalpha.com/pr/18231416-cummins-and-hino-trucks-announce-medium-and-heavy-duty-engine-offering" target="_blank">produce medium- and heavy-duty trucks with Cummins engines</a> for sale in North America.</li> <li data-xf-list-type="ul">Hino says it plans to offer Cummins' B6.7 and L9 engines in its L and XL Series models by year-end 2021.</li> <li data-xf-list-type="ul">Hino expects to begin production of Cummins powered trucks at the West Virginia and the Woodstock plant in October, using engines built by Cummins at its Rocky Mount engine plant in North Carolina.</li> <li data-xf-list-type="ul">Jefferies analyst Stephen Volkmann estimates the deal will add an incremental 11K units between the B6.7 and L9 engines for Cummins, Bloomberg reports.</li> <li data-xf-list-type="ul">Earlier this month, Jefferies <a href="https://seekingalpha.com/news/3669358-cummins-rises-as-jefferies-outlines-bullish-case-for-chinese-markets" target="_blank">upgraded Cummins shares to Buy from Hold with a $325 price target</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16592852, member: 137766"] [URL='https://seekingalpha.com/news/3672792-cummins-touches-all-time-high-after-deal-with-japans-hino-trucks']Cummins touches all-time high after deal with Japan's Hino Trucks[/URL] [LIST] [*]Cummins ([URL='https://seekingalpha.com/symbol/CMI']CMI[/URL] +0.4%) edges up to an all-time intraday high after Japanese truckmaker Hino Trucks said it planned to [URL='https://seekingalpha.com/pr/18231416-cummins-and-hino-trucks-announce-medium-and-heavy-duty-engine-offering']produce medium- and heavy-duty trucks with Cummins engines[/URL] for sale in North America. [*]Hino says it plans to offer Cummins' B6.7 and L9 engines in its L and XL Series models by year-end 2021. [*]Hino expects to begin production of Cummins powered trucks at the West Virginia and the Woodstock plant in October, using engines built by Cummins at its Rocky Mount engine plant in North Carolina. [*]Jefferies analyst Stephen Volkmann estimates the deal will add an incremental 11K units between the B6.7 and L9 engines for Cummins, Bloomberg reports. [*]Earlier this month, Jefferies [URL='https://seekingalpha.com/news/3669358-cummins-rises-as-jefferies-outlines-bullish-case-for-chinese-markets']upgraded Cummins shares to Buy from Hold with a $325 price target[/URL]. [/LIST] [/QUOTE]
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