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Fitch upgrades Cummins a notch on better earnings
Fitch Ratings upgraded Cummins Inc. CMI +1.09% one notch Monday, saying the engine maker’s earnings outlook has improved, while it maintained cash flow and low leverage through the downturn.
It noted a strengthening recovery in most of the company’s markets. In its latest quarterly results, Cummins’s profit more than doubled on international sales strength and a recovery in the North...

