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Fly News Breaks for June 19, 2017
CNHI
Jun 19, 2017 | 07:10 EDT
BofA/Merrill analyst Ross Gilardi upgraded CNH Industrail to Buy from Neutral and increased its price target to $15 from $10.50 saying trends in the North American ag market are bottoming and sees material positive earnings revisions on the back of Deere's (DE) May 19 results. Gilardi said North American dealer large equipment inventories have come down significantly and industry consolidation has picked up. He believes CNH is a willing seller of its Construction and Commercial vehicles if the right cash offer comes along.
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