Telematics, South American Demand Are Rare Sources of Optimism at 2016 Farm Progress Show
We recently attended the Farm Progress Show in Boone, Iowa. The annual show is one of the major events in the North American agricultural industry, where farmers and agricultural equipment manufacturers come together to assess the latest product offerings. Following the show, we view wide-moat Deere and no-moat CNH Industrial as undervalued and reiterate our $97 and $9 fair value estimates for the respective shares. Although the agricultural sector remains tough, we believe both stocks offer an ...CNH Industrial is a holding company. Through its subsidiaries, Co. is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for those vehicles and engines for marine and power generation applications. Co. divides its business activities into three operating segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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