Citi analyst Kyle Menges lowered the firm’s price target on CNH Industrial (CNH) to $13 from $15 and keeps a Buy rating on the shares. The firm says the ConExpo construction trade show indicated positive demand trends with a “significant pipeline of mega projects.” Citi is positive on the rental space with machinery. It upgraded Terex and moved Alliance Laudry to its top sector pick. The firm continues to have a positive outlook for U.S. construction.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNH:
- CNH Industrial NV Confronts Rising Cybersecurity Threats, Digital Vulnerabilities, and AI Constraints
- CNH Industrial price target raised to $15 from $12 at Citi
- CNH Industrial price target raised to $17 from $12 at Truist
- CNH Industrial price target raised to $13 from $10 at Baird
- CNH Industrial price target raised to $16 from $13 at Oppenheimer