Citi analyst Kyle Menges raised the firm’s price target on CNH Industrial (CNH) to $14 from $13 and keeps a Buy rating on the shares. The firm updated estimates, price targets, and ratings to coincide with its 2025 machinery outlook. Citi’s top picks include companies for which it has the highest degree of confidence in long-term earnings growth and/or self-help catalysts. It thinks caution is warranted heading into 2025, saying moderating inflation is not necessarily good for machinery.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNH:
- Billionaire Investor David Einhorn’s Newest CNH Stock Pick is Super Cheap
- CNH Global NV call volume above normal and directionally bullish
- Closing Bell Movers: Tetra Tech down 8% after Q4 results, guidance
- Einhorn long CNH Industrial, calls shares ‘cheap,’ CNBC reports
- CNH Industrial up over 5% after Greenlight’s Einhorn touts stock