As previously reported, Credit Suisse analyst Jamie Cook initiated coverage of CNH Industrial with an Outperform rating and $21 price target. Under the leadership of Chief Executive Officer Scott Wine, CNH Industrial has taken a number of strong actions to simplify the portfolio, the analyst notes. He sees more transformative portfolio actions largely complete, with the new CNH simplified and refocusing its efforts on the customer. Organic investment is focused on new products and technology, enabling CNH to remain a leading manufacturer and gain share in select markets, Cook argues.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CNHI:
- CNH Industrial initiated with an Outperform at Credit Suisse
- CNH Industrial price target raised to $17 from $15 at Stifel
- New Holland Straddle Tractor Concept wins German Design Award 2023
- CNH Industrial opens new technical center in Detroit
- CNH Industrial’s new Electrification Center in Detroit, USA