Terex Corporation (TEX) : Analyst Rating Update

Terex Corporation (TEX) : Zacks Investment Research ranks Terex Corporation (TEX) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.31, which indicates as a Buy.

Terex Corporation (TEX) : 11 investment research analysts covering Terex Corporation (TEX) have an average price target of $25.27 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $20 for the short term. Analysts expect the variance to be within $4.17 of the average price.

Terex Corporation (NYSE:TEX): The stock opened at $19.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $20.02 for the day. The stock traded down to $19.54 during the day, due to lack of any buying support eventually closed down at $19.83 with a loss of -0.60% for the day. The stock had closed at $19.95 on the previous day. The total traded volume was 1,221,161 shares.

Also, Equity Analysts at the Goldman Sachs reinstates the rating on Terex Corporation (NYSE:TEX). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $27 per share. The rating by the firm was issued on June 8, 2016. The company shares have dropped -11.02% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $27.11 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $21.85 and the 200 Day Moving Average price is recorded at $21.74.

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world. It offers a range of products, including portable material lifts, telehandlers, wheel loaders, midi excavators, site dumpers, tower cranes, utility equipment, industrial cranes, reach stackers, washing systems, chippers and sprinter carriers, among others. Its brands include Terex, Genie, Demag and Powerscreen.

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