CNH Industrial NV

CNH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CNH Industrial: When Second Place Is More Than Good Enough; Shares Undervalued

George Maglares

Feb 21, 2025

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.

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CNH Industrial NV

CNH Industrial: When Second Place Is More Than Good Enough; Shares Undervalued

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