Tuesday, September 13, 2011

Cummins looks for 14% annual growth...

Shares of Cummins Inc. are soaring (up 5.28 to 92.38) after the diesel engine maker said they expect 2011 to be a record year.

Chairman and CEO Tim Solso told a group of about 150 Wall Street analysts that the Columbus, Ind. company hopes to post $30 billion in sales in 2015 and expects to grow at an annual rate of about 14 percent to reach that target. 

"Despite the current uncertainty surrounding the strength of economic growth in some regions of the world, 2011 will be a record year for Cummins," Solso said.

Here's a look at Cummins chart:

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