---
title: "Research Alert: CFRA Maintains Hold Opinion On Shares Of Cnh Industrial N.v."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285047657.md"
description: "CFRA has maintained a Hold opinion on CNH Industrial, adjusting its 12-month target price to $12 from $14. This reflects a 2026 P/E multiple of 30x, above the five-year average of 12.4x, due to expected margin recovery. While management's reaffirmed guidance is seen as a positive, concerns remain regarding agriculture demand and inventory levels. CNHI's revenue is forecasted to decline by 1.9% in 2026 but is expected to recover by 7.5% in 2027, leading to the continued Hold rating."
datetime: "2026-05-04T08:40:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285047657.md)
  - [en](https://longbridge.com/en/news/285047657.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285047657.md)
---

# Research Alert: CFRA Maintains Hold Opinion On Shares Of Cnh Industrial N.v.

04:40 AM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We adjust our 12-month target price for CNH Industrial ( CNH ) to $12 (cut from $14 on May 4), implying a 2026 P/E multiple of 30x, above its five-year average forward P/E of 12.4x, justified by expected margin recovery, in our view. We leave our EPS forecasts unchanged. We view management's reaffirmed 2026 guidance as a modest positive, as it suggests confidence in cost actions and inventory discipline. That said, we remain cautious because the recovery still depends on stabilizing agriculture demand, reducing dealer inventories, and offsetting tariff-related cost pressure. Looking ahead, we forecast CNHI's revenue to decline 1.9% Y/Y in 2026, reflecting continued weakness in agriculture equipment demand, lower production volumes, and ongoing dealer inventory normalization. However, we expect revenue to recover by 7.5% Y/Y in 2027, supported by a gradual improvement in end-market demand, and potential benefits from cost discipline and pricing actions. Hence, we maintain our Hold rating.

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