CNH Industrial price target lowered to $16 from $17 at Truist

Truist lowered the firm’s price target on CNH Industrial (CNH) to $16 from $17 and keeps a Buy rating on the shares. The firm’s takeaway from the company’s results is that CNH markets are moving past the bottom, its channel inventories are in check, tariffs are manageable, and the company is executing on self-help, setting up the stock well for next year, the analyst tells investors in a research note.