CNH Industrial Downgraded to Sell Equivalent at JPM After Deere's Weak Ag Equipment Outlook

CNH Industrial was upgraded to Sell equivalent at JPM after Deere's dismal ag equipment outlook. CNH Industrial shares rose 0.5% in Friday's trading despite the downgrade. JPM downgraded the shares to Underweight from Neutral with a $10 price target. The move follows Deere's dismal outlook for ag equipment.