CNH Industrial price target raised to $15.50 from $13.50 at BofA

BofA analyst Michael Feniger raised the firm’s price target on CNH Industrial to $15.50 from $13.50 and keeps a Buy rating on the shares. With idiosyncratic drivers beyond the ag cycle coming through, the firm says “the positive thesis on CNHI is starting to bear fruit.” While there are still headwinds to CNH from the ag cycle, it is “likely to emerge with stronger EPS power on the other side of the cycle,” the analyst tells investors.