Truist Reiterates Buy Rating on CNH Industrial (CNH) on Latin America Growth Prospects.

CNH Industrial N.V. (NYSE:CNH) is one of the 11 best industrial stocks to buy right now. On June 16, Truist Securities reiterated a ‘Buy’ rating and a $16 price target. The research firm remains confident about the company’s strong market position in Latin America. It also echoed prospects of significant margin improvement.

Truist Reiterates Buy Rating on CNH Industrial (CNH) on Latin America Growth Prospects.

A farmer in traditional attire examining a newly installed agricultural machinery.

The company is a key player in Brazil through its Case IH and New Holland brands. Consequently, it benefits from strong local manufacturing as Latin America accounts for the most significant share of the company’s margins. CNH Industrial has identified market share growth potential in the horsepower equipment, planters, and sprayers segment.

According to Truist Securities, CNH Industrial has improved its Latin America margins by implementing self-help measures. It has also achieved greater manufacturing efficiencies. Likewise, the research firm sees additional improvement opportunities.

CNH Industrial N.V. (NYSE:CNH) is an equipment and services company that engages in the design, production, marketing, sale, and financing of agricultural and construction equipment. Its Agriculture segment designs, manufactures and distributes farm machinery.

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