Baird analyst Mircea Dobre lowered the firm’s price target on CNH Industrial (CNH) to $13 from $14 and keeps an Outperform rating on the shares. The firm said the company is trying to destock the dealer channel while dealing with lower end user demand, this is hard to do requiring sizable and sustained production cuts. Thus far the company executed well on the cost side while maintaining relative price discipline.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNH: