Raymond James analyst Tim Thein upgraded CNH Industrial to Outperform from Market Perform with a $14 price target, implying 34% total return potential. The stock’s underperformance creates an attractive entry point, the analyst tells investors in a research note. The firm believes CNH’s margins will be more resilient as large agriculture industry pricing remains positive. It also see 10c per share in “idiosyncratic cost-outs” in 2025. Raymond James has become more optimistic about further tightening in global grain balances, which it believes should help to support crop prices.
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