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CNH Industrial price target raised to $16 from $14 at Citi

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.

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