CNH Industrial NV
CNH: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| K?! | LOCK|jxm%B | LOCK|!kfQY#> |
CNH Industrial: When Second Place Is More Than Good Enough; Shares Undervalued
After taking a fresh look at a major global player in agricultural machinery and construction equipment, CNH Industrial, we’ve raised our fair value estimate to $21 per share from $14.70 to reflect our more constructive view on the company’s ”fast follower” strategy behind market leader, Deere. We’re maintaining our narrow economic moat rating and Standard Capital Allocation Rating.
