Citi analyst Kyle Menges lowered the firm’s price target on CNH Industrial (CNH) to $12 from $15 and keeps a Buy rating on the shares as part of a Q1 earnings preview for U.S. machinery. The firm reduced estimates across the board given the view that the U.S. capex outlook is most at risk from Trump administration’s tariffs. Citi anticipates the Trump administration’s tariffs to negatively impact U.S. farmers’ exports and profits, likely extending the agriculture downcycle in North America.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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 lowered to $13 from $14 at UBS
- CNH Industrial leveraging technology to upskill workforce in Latin America
- CNH Industrial (CNH) Announces Q2 Dividend: Save the Dates!
- CNH Industrial says precision technology helping farmers tackle water scarcity
- CNH Industrial appoints Cameron Batten as chief communications officer
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue