Truist lowers CNH Industrial price target to $16 and notes $700 million construction business sale
Truist Securities cut its price target for CNH Industrial to $16 from $17 while keeping a Buy rating. The firm highlighted CNH’s definitive agreement to sell a 70% stake in its construction equipment business to Kobelco for $700 million in cash, with proceeds earmarked for debt reduction. CNH reported adjusted Q3 2026 earnings per share of $0.16, beating estimates, but revenue of $4.35 billion missed the $4.52 billion forecast. The company guided FY 2026 adjusted EPS to $0.46.
Why it matters
Truist’s lower target suggests a more modest upside for investors, potentially pressuring the stock price. The $700 million cash inflow is expected to reduce CNH’s $26.3 billion debt load, improving its balance sheet.
Key facts
- 1Truist Securities reduced its price target for CNH Industrial to $16 from $17. investing.com
- 2Truist kept a Buy rating on CNH Industrial. tradingview.com
- 3CNH agreed to sell 70% of its construction business to Kobelco for $700 million in cash. investing.com
- 4CNH expects after‑tax proceeds of just north of $500 million to be used to pay down debt. investing.com
- 5CNH’s total debt was $26.3 billion as of the latest quarter. investing.com
- 6Adjusted earnings per share for Q3 2026 were $0.16, beating estimates of $0.10. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.