Terex price target raised to $62 from $55 at Truist

Truist raised the firm’s price target on Terex (TEX) to $62 from $55 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s Environmental Solutions continues to outperform, with sales up 13% and margins rising to 19.1%, while its Materials Processing margins were healthy, up 270 basis points relative to last quarter, the analyst tells investors in a research note.