Oppenheimer Maintains Outperform on CNH Industrial, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Kristen Owen maintains an Outperform rating on CNH Industrial (NYSE:CNHI) but has lowered the price target from $19 to $18.
July 31, 2023 | 1:40 pm
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CNH Industrial's price target has been lowered from $19 to $18 by Oppenheimer, though the Outperform rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors. However, the maintenance of the Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100