** Shares of Agriculture equipment maker CNH Industrial rise 4.3% to $12.72
** Co says it is targeting a 16-17% agriculture mid-cycle adjusted EBIT margin by 2030
** The company intends to achieve this through initiatives tied to commercial growth, operational efficiency, and quality improvements
** In construction, it is targeting a 7-8% mid-cycle adjusted EBIT margin by 2030, which it will achieve through commercial actions, sourcing improvements, and manufacturing improvements
** "We are committed to delivering in excess of $550 million in operational and quality cost improvements by 2030 to support this margin expansion," - CNH
** The company said a full refresh of its tractor line-up is underway, while adding it remains open to the option of M&A actions to increase its competitiveness
** The stock's trailing 12-month P/E ratio is 13.03, slightly above the industry median of 12.68
** YTD, CNH has risen 12% vs 4.3% fall in the benchmark S&P 500 index .SPX
(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com))
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