UBS raised the firm’s price target on CNH Industrial (CNH) to $16 from $13 and keeps a Buy rating on the shares. UBS has increased confidence in both structural operational improvement that should drive higher through the cycle margins and CNH’s ability to manage through the bottoming of the ag cycle, the analyst tells investors in a research note.
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Read More on CNH:
- CNH Industrial’s Strategic Ambitions and Near-Term Challenges: A Hold Rating Amid Uncertainty
- Strategic Initiatives and Financial Targets Drive Buy Rating for CNH Industrial
- CNH Industrial sees 16%-17% Agriculture mid-cycle adjusted EBIT margin by 2030
- CNH Industrial pursuing ‘continued margin expansion’ for Construction
- CNH Industrial to prioritize investments in organic growth, margin expansion
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