Truist analyst Jamie Cook lowered the firm’s price target on CNH Industrial (CNH) to $12 from $13 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 earnings in Machinery, Infrastructure Services, and Multi-Industry / Industrial Technology. The firm’s estimates in the industry are largely intact, and Truist believes that consensus estimates for 2026 are reasonable, although it sees the risk that Machinery margin improvement is more backend-loaded reflecting uncertainly around tariffs/IEEPA, the analyst tells investors in a research note. Within Machinery, the group stands to benefit as channel destock is over, and Truist sees upward bias on truck and construction equipment demand for 2026, the firm added.
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