Northland starts ‘attractive’ CNH Industrial with an Outperform

As previously reported, Northland analyst Ted Jackson initiated coverage of CNH Industrial with an Outperform rating and $18 price target. CNH is a leading global supplier of agriculture and construction equipment and while the agriculture market being in a downturn is weighing “heavily” on the company’s shares, the firm finds the stock attractive at current levels and expects shares to appreciate as the market moves through the trough of the cycle, the analyst tells investors.