Goldman Sachs analyst Jerry Revich upgraded Terex (TEX) to Buy from Neutral with a price target of $60, up from $45. The firm believes the company’s Aerials segment earnings are bottoming in Q1 amid a 30% production cut and a book to bill ratio 15% above historical average. Further, used inventories suggest an improving supply picture, the analyst tells investors in a research note. Goldman believes Terex’s tariff risks are now reflected in the shares.
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