CNH Industrial shares are trading lower after Evercore ISI downgraded the stock from Outperform to In-Line and lowered its price target from $16 to $14.
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI has downgraded CNH Industrial from Outperform to In-Line and reduced its price target from $16 to $14. This has led to a decrease in CNH Industrial's share price.
September 19, 2023 | 1:56 pm
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CNH Industrial's stock has been downgraded by Evercore ISI, leading to a decrease in its share price.
The downgrade by Evercore ISI from Outperform to In-Line indicates a less optimistic outlook for CNH Industrial. Additionally, the lowering of the price target from $16 to $14 suggests that Evercore ISI believes the stock is overvalued at its current price. This negative sentiment is likely to put downward pressure on the stock price in the short term.
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