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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100