Barclays analyst Adam Seiden lowered the firm’s price target on Terex (TEX) to $52 from $60 and keeps an Equal Weight rating on the shares post the Q4 report. Machinery markets tend to mean revert and Terex’s business have been on the “tough side of the mean and quickly,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEX:
- Terex Corporation’s Financial Health at Risk Amid Rising International Tariffs
- Terex Corporation’s Earnings Call Reveals Optimism Amid Challenges
- Terex price target lowered to $53 from $55 at Baird
- Terex Faces Sell Rating Amid Margin Declines and Uncertain Outlook
- Terex Corporation Reports 2024 Financial Performance