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CNH Industrial: The Good, The Bad And The Ugly

Elevator Pitch

The share price of CNH Industrial N.V. (NYSE:CNHI) has fallen close to 25% in the past year and it is now trading close to its 52-week low of $7.35. Investors are overly focused on short-term headwinds in the agricultural market and overlooking its long-term growth potential. In addition, CNH Industrial's consolidated numbers mask the quality of CNH Industrial's agricultural equipment business within its diverse mix of 'good, bad and ugly' businesses. My sum-of-the-parts target price of $10.13 implies a 32% upside from CNH Industrial's share price of $7.65 as of January 30,…