** 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))