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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEX: