CNH Industrial NV
CNHI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.10 | Zdthb | Wyxfmqfl |
We Remain Confident in Long-Term Demand and Precision Ag Advancements; CNH Is Our Top Pick
The ag slowdown has been the story for the past couple of quarters. Ag demand in South America has been weaker than ag manufacturers were expecting. Europe has also been challenged, while North America remains constructive, though U.S. corn supplies have started to tick up lately, pressuring U.S. corn prices.