Bernstein upgraded CNH Industrial (CNH) to Outperform from Market Perform with a $17 price target The firm’s analysis “convinces us sales will return to peak by 2028,” while the price-cost spread is “less damaging to margins than supposed,” the analyst tells investors. Peer-group comparison suggests dealer inventories, finance receivables and finished goods have peaked, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNH:
- CNH Industrial price target raised to $17 from $14 at Truist
- CNH Industrial upgraded to Overweight from Equal Weight at Morgan Stanley
- CNH Industrial designs special edition CASE compact track loader
- CNH Industrial price target raised to $14 from $13 at Citi
- Billionaire Investor David Einhorn’s Newest CNH Stock Pick is Super Cheap