BUZZ-Oppenheimer raises CNH Industrial's PT, sees earnings rebound

Reuters02-18
BUZZ-Oppenheimer raises CNH Industrial's PT, sees earnings rebound

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment