Evercore ISI Group Downgrades CNH Industrial to In-Line, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Raso has downgraded CNH Industrial (NYSE:CNHI) from Outperform to In-Line and lowered the price target from $16 to $14.
September 19, 2023 | 9:46 am
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CNH Industrial has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target from $16 to $14.
The downgrade from Outperform to In-Line indicates that the analyst believes the company's stock will perform approximately as the market does, rather than outperforming it. The lowered price target from $16 to $14 suggests that the analyst has reduced expectations for the company's future stock price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100