UBS analyst Steven Fisher upgraded Terex (TEX) to Neutral from Sell with a price target of $48, up from $34. The firm cites the better than expected progress and outcomes of trade discussions with China and legislative discussions for the upgrade. While UBS now thinks the recent actions by the U.S. and foreign counterparts are “driving towards the contained downside scenario,” the firm still thinks lingering uncertainty will be “somewhat of a drag on demand,” the analyst tells investors in a research note.
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Read More on TEX:
- Optimistic Buy Rating for Terex: Path to EPS Bottoming and Stock Valuation Normalization by 2025
- Terex upgraded to Outperform from Neutral at Baird
- Terex price target raised to $33 from $30 at Morgan Stanley
- Terex price target raised to $48 from $46 at Baird
- Terex Corporation Reports Solid Q1 2025 Performance
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