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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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