Citi raised the firm’s price target on CNH Industrial (CNH) to $15 from $13 and keeps a Buy rating on the shares following the Q4 report. The firm has conviction in 2025 being trough earnings for CNH. While the company’s sales guidance missed expectations, Citi sees “signs of encouragement,” saying the company made solid progress destocking in Q4.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNH:
- CNH Industrial’s Earnings Call: Resilience Amid Decline
- CNH Industrial Reports Revenue Decline Amid Market Challenges
- CNH Industrial Faces Revenue Decline Amid Market Challenges
- CNH Industrial reports Q4 EPS 14c, consensus 19c
- Oppenheimer upgrades CNH Industrial to Outperform amid trough EPS visibility
Questions or Comments about the article? Write to editor@tipranks.com