Terex price target raised to $64 from $62 at Stifel

Stifel analyst Stanley Elliott raised the firm’s price target on Terex to $64 from $62 and keeps a Buy rating on the shares. The company’s recently reported Q1 results were above expectations, the analyst tells investors. Stifel views the results favorably given the company’s strong execution in a challenging macro environment and, given the strength of its backlog, likes the setup into 2024.