Terex price target lowered to $48 from $57 at Citi

Citi analyst Kyle Menges lowered the firm’s price target on Terex (TEX) to $48 from $57 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the machinery group. The firm made modest downward revisions to Q4 and 2025 estimates for most companies under its coverage, reflecting an increasingly soft near-term sentiment across many machinery end markets.