Cummins (NYSE:CMI) Margins, Earnings Outperforming

Cummins continues to outperform, with revenue, margins, and earnings exceed estimates.

Barclays (NYSE:BCS) said, "We had the opportunity to host Cummins management for a series of investor meetings yesterday: We came away with renewed conviction in the magnitude of runway that still remains for the organization both with respect to top line growth and continued margin expansion. While FY10 earnings are poised to surpass prior peaks, management believes it is still relatively early in the cycle for the organization...We remain impressed with the breadth of top-line growth opportunities...We believe that when the company offers revised margin targets, management could set stretch goals for the organization."

Barclays maintains an "Overweight' on Cummins (NYSE:CMI), which closed Friday at $105.03, up $0.78, or 0.75 percent. They raised their price target on them from $113 to $120.