Bernstein Sees 16% Upside In CNH Industrial

December 7, 2021 7:47 AM | 1 min read | Make a Comment

Bernstein analyst Nicholas Green initiated CNH Industrial NV CNHI with an Outperform rating and a price target of $20.35, implying an upside of 16.4%.
The analyst initiated coverage of the European capital goods sector, telling investors to focus on the "enormous potential of the Fourth Industrial Resolution."
He mentions that this is driving an "unprecedented upgrade" of the capital stock of the world. He believes capital goods are the best way to play this theme.
Also read, CNH Industrial Acquires Software Engineering Specialist NX9 For Undisclosed Sum.
Price Action: CNHI shares are trading higher by 2.63% at $17.95 during the premarket session on Tuesday.