** Oppenheimer lifts PT on farm and construction equipment manufacturer CNH Industrial CNH.N to $16 from $13, maintains rating at "outperform"
** New PT shows an upside of 22.2% from the stock's last close
** Shares of the company down nearly 1% at about $13 premarket
** CNH on Tuesday expected annual profit below Wall Street estimates
** Brokerage says cost cuts are strengthening co's margins and setting up a sharp earnings rebound when agriculture markets recover
** Adds that co's first-quarter earnings are poised to hover around break-even as tariff and volume pressures outweigh modest pricing and productivity gains
** Thirteen of 21 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell" ; their median PT is $13- data compiled by LSEG
** As of last close, CNH shares up about 42% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
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