Citi analyst Kyle Menges raised the firm’s price target on CNH Industrial (CNH) to $16 from $14 and keeps a Buy rating on the shares. The firm thinks 2025 being the trough of the cycle for agriculture machinery is coming into focus but that will take some time for manufacturers to reach Citi’s mid-cycle earnings estimates.
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 signs agreement with Starlink
- CNH Industrial Holds Annual General Meeting
- CNH Industrial price target raised to $16 from $13 at UBS
- 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
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue