Terex price target lowered to $55 from $65 at Baird

Baird lowered the firm’s price target on Terex (TEX) to $55 from $65 and keeps a Neutral rating on the shares. The company’s Q3 was in-line but backlog erosion and significant order softness in both segments continue to pose challenges for 2025, the analyst tells investors in a research note. The firm says it is “still a bit too early to view the shares as fully de-risked.”