Baird raised the firm’s price target on CNH Industrial to $16 from $15 and keeps an Outperform rating on the shares. The company reported a relatively in-line quarter with net sales from Industrial Activities just below consensus while EPS matched consensus, the analyst tells investors in a research note. CNH’s sizable cost-saving initiatives will be key to driving through-cycle margin expansion, which should lead to longer-term outperformance for the stock, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CNHI:
- CNH Industrial Announces New Share Buyback Initiative
- CNH Industrial N.V. Reports Fourth Quarter and Full Year 2023 Results
- CNHI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- CNH among top 5% in S&P Global Yearbook and high scorer in Dow Jones Sustainability World & North America Indices
- CNH to release 2023 Fourth Quarter & Full Year financial results on February 14
