-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：我們將CNH Industrial (CNHI)的12個月目標價從5月4日的14美元下調至12美元，這意味著2026年的本益比為30倍，高於其五年平均預期本益比12.4倍，我們認為，這項調整是基於預期利潤率的回升。我們維持每股盈餘(EPS)預測不變。我們認為管理層重申的2026年業績指引是一個溫和的利多訊號，顯示其對成本控制和庫存管理充滿信心。儘管如此，我們仍保持謹慎，因為復甦仍取決於農業需求的穩定、經銷商庫存的減少以及關稅相關成本壓力的抵消。展望未來，我們預測CNHI 2026年的營收將年減1.9%，這反映了農業設備需求的持續疲軟、產量下降以及經銷商庫存的持續正常化。然而，我們預計在終端市場需求逐步改善以及成本控制和定價策略可能帶來的益處的支撐下，2027年營收將年增7.5%。因此，我們維持「持有」評等。
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