CNH Industrial (CNH) Stock

The Q3 results have caused us to adjust our targets for FY24 because of low demand and high stock levels, and we expect more production cuts until the first half of 2025. FY25 is likely to be the lowest point for the AG industry, but cost-saving strategies and stable prices should help reduce risks. Since demand might be close to its lowest, CNH's plans to improve its mid-cycle profit margins could lead to a rise in share value, so we maintain our buy recommendation.

This Industry Outlook article features Deere, AGCO, Lindsay, CNH Industrial, and Kubota.

The Manufacturing - Farm Equipment sector is affected by low income in farming. However, demand is expected to increase due to the rising need for food. Companies like DE, AGCO, and LNN are likely to benefit from this trend.

CNH has announced changes to its Global Leadership Team on December 16, 2024, in Basildon. These changes aim to take advantage of market opportunities in the Agriculture sector in North America and the EMEA regions. The adjustments will help the company prepare for the upcoming growth phase in the agricultural cycle.

Matt Maley, the chief market strategist at Miller Tabak + Co., appears on CNBC's 'Power Lunch' to share his views on three companies: Wynn Resorts, CNH Industrial, and Tapestry.

CNH has announced that its Q3 results were not as good as anticipated, and it now predicts that Agriculture sales for 2024 will drop by 22-23%, which is worse than the previously estimated decline of 15-20%.

David Einhorn, the president of Greenlight Capital, appears on CNBC's Delivering Alpha 2024 to share his thoughts on why he thinks the current market is flawed. He also talks about a significant investment opportunity he has identified and other related topics.

David Einhorn is investing in CNH Industrial, stating that the agricultural sector is currently undervalued.

CNH Industrial is dealing with challenges in the industry, such as lower demand, rising interest rates, and decreasing farm income, which are affecting tractor makers. They have implemented successful cost-cutting strategies that have helped them save money and stay profitable despite the difficult market conditions. The recent leadership changes, including the resignation of CEO Scott Wine and the appointment of Gerrit Marx, have led to worries about the company's future path.