Brokerage Firm Rating Update on Terex Corporation (TEX)

Terex Corporation (TEX) has an average broker rating of 2.62, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 considers that the stock is a Sell.

Terex Corporation (TEX) : 11 Wall Street analysts covering Terex Corporation (TEX) believe that the average level the stock could reach for the short term is $23.55. The maximum price target given is $29 and the minimum target for short term is around $20, hence the standard deviation is calculated at $2.91.


Company shares have received an average consensus rating of Hold for the current week Also, UBS maintains their rating on the shares of Terex Corporation (NYSE:TEX). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $25 per share from $21 per share. The rating by the firm was issued on August 26, 2016.

Terex Corporation (NYSE:TEX): The stock opened at $24.48 and touched an intraday high of $25.12 on Wednesday. During the day, the stock corrected to an intraday low of $24.43, however, the bulls stepped in and pushed the price higher to close in the green at $25.04 with a gain of 2.04% for the day. The total traded volume for the day was 875,363. The stock had closed at $24.54 in the previous trading session.

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world. It offers a range of products, including portable material lifts, telehandlers, wheel loaders, midi excavators, site dumpers, tower cranes, utility equipment, industrial cranes, reach stackers, washing systems, chippers and sprinter carriers, among others. Its brands include Terex, Genie, Demag and Powerscreen.

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