On Thursday, Truist Securities commenced coverage on shares of CNH Industrial NV (NYSE:CNHI), assigning a Buy rating and setting a price target of $18.00. The firm's initiation follows CNH Industrial's recent strategic moves, which have simplified the company's structure and could potentially increase investor interest.
The analyst from Truist Securities pointed out that the complexity of CNH Industrial's organization and narrative had previously deterred investors. However, with the Iveco spin-off and delisting now complete, the company presents a more straightforward investment proposition. The delisting, in particular, was highlighted as a significant milestone that needed to be addressed to clear the path for CNH Industrial.
The spin-off and delisting are seen as positive developments that have enhanced the stock's liquidity and simplified the company's financial performance. These changes are expected to make it easier for investors to understand and engage with CNH Industrial's stock.
The firm's Buy rating indicates a confidence in CNH Industrial's current trajectory and the potential for the stock's value to increase. The $18.00 price target suggests a positive outlook on the stock's future performance.
The analyst's comments emphasize the transformation at CNH Industrial, noting that the company has successfully navigated through the last major obstacle with the delisting, which is anticipated to benefit the stock going forward.
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