Deutsche Bank analyst Chad Dillard upgraded CNH Industrial to Buy from Hold with an unchanged price target of $12. The company offers "catalyst-rich" secular and cyclical growth story that is "significantly undervalued" after the recent selloff, Dillard tells investors in a research note. He points out that the stock trades at a "record" 40% discount to the S&P and its closest peer, Deere (DE). Expectations are at "rock bottom levels," making CNH a "free option" on a global growth and agriculture equipment rebound, contends the analyst. Further, early signs point to an organic growth recovery in the sector late 2020 or early 2021, Dillard says.

Cyngn (CYN) has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere's (DE) operation in Dubuque, Iowa. Cyngn is a supplier of AI-powered autonomous vehicle and data solutions based in Menlo Park, CA.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here