DA Davidson Starts CNH Industrial NV (CNHI) at Neutral, 'Planting the Seeds for Improved Margins'

DA Davidson analyst Michael Shilsky initiates coverage on CNH Industrial NV (NYSE: CNHI) with a Neutral rating and a price target of $13.00.

The analyst comments "We are initiating coverage of CNHI with a NEUTRAL rating and a $13 price target. CNHI, a leader in Ag and Construction equipment, has seen substantial evolution over the years until earlier this month, when it finally became a focused OEM listed solely on the NYSE. Even before all of this was finalized, CNHI began work on a multi-year effort to reduce costs and ramp-up innovation. There is quite a bit left for CNHI to do, with more restructuring just announced in November and a revamp of Precision Ag capabilities. We're on the sidelines for now, but are hopeful that solid execution could open up a value or GARP opportunity in the near future."

For an analyst ratings summary and ratings history on CNH Industrial NV click here. For more ratings news on CNH Industrial NV click here.

Shares of CNH Industrial NV closed at $11.65 yesterday.

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