JPMorgan raised the firm’s price target on Terex to $65 from $59 and keeps a Neutral rating on the shares. The analyst says the case for a share re-rating is strengthened by the proposed ESG acquisition.
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Read More on TEX:
- Dover to Sell Environmental Solutions Group Business Unit
- Terex to Acquire Environmental Solutions Group (ESG) from Dover Corporation, Establishing Leading Presence in Waste and Recycling Market
- Dover to sell ESG business to Terex for $2B
- Baird comments on potential implications from potential second Trump presidency
- Terex price target lowered to $55 from $68 at Jefferies
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