DA Davidson analyst Michael Shlisky initiated coverage of CNH Industrial with a Neutral rating and $13 price target. While CNH Industrial has seen substantial evolution over the years until earlier this month, when it finally became a focused OEM listed solely on the NYSE, there’s more work for the company to do, with the restructuring announced in November and a revamp of Precision Ag capabilities, the analyst tells investors in a research note. The firm remains on the sidelines for now as dealer checks suggest a flattish retail environment at best in 2024, at least for North America.
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