Terex Corporation (TEX) Receives Price Target

Terex Corporation (TEX) : Average target price received by Terex Corporation (TEX) is $23.55 with an expected standard deviation of $2.91. The most aggressive target on the stock is $29, whereas the most downbeat target is $20. 11 financial analysts are currently covering the stock.

Terex Corporation (TEX) : Zacks Investment Research ranks Terex Corporation (TEX) as 5, which is a Strong Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.62, which indicates as a Hold.


Also, In the latest statement by the brokerage house, UBS maintains its outlook on Terex Corporation (NYSE:TEX). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $21 per share to $25 per share. The rating by the firm was issued on August 26, 2016.

Terex Corporation (NYSE:TEX): The stock opened at $24.34 on Thursday but the bulls could not build on the opening and the stock topped out at $24.54 for the day. The stock traded down to $23.66 during the day, due to lack of any buying support eventually closed down at $24.03 with a loss of -1.03% for the day. The stock had closed at $24.28 on the previous day. The total traded volume was 851,936 shares.

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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