DA Davidson lowered the firm’s price target on CNH Industrial (CNH) to $10 from $13 and keeps a Neutral rating on the shares after its Q3 earnings miss. The company reduced near-term expectations, largely on tariff headwinds, while expressing cautious optimism that the Ag market inflection may take place in 2026, the analyst tells investors in a research note. CNH also sounded more concerned about Brazil than last quarter, the firm added.
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