Terex downgraded by BofA Securities with a new price target
$TEX
Construction/Ag Equipment/Trucks
Industrials
BofA Securities downgraded Terex from Neutral to Underperform and set a new price target of $57.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/28/2024 | Mkt Perform | Raymond James | |
| 6/26/2024 | $60.00 | Neutral | Citigroup |
| 3/18/2024 | $63.00 | Overweight → Neutral | JP Morgan |
| 3/14/2024 | $73.00 | Buy | Truist |
| 2/13/2024 | $61.00 → $62.00 | Buy → Neutral | UBS |
| 1/19/2024 | $57.00 | Neutral → Underperform | BofA Securities |
| 12/20/2023 | $73.00 → $63.00 | Buy → Hold | Jefferies |
| 9/28/2023 | Overweight → Sector Weight | KeyBanc Capital Markets |
NORWALK, Conn., Nov. 21, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced today that Jennifer Kong-Picarello will succeed Julie Beck as Senior Vice President and Chief Financial Officer and become a member of the Terex Executive Leadership Team. Ms. Kong-Picarello will join Terex on February 3, 2025 and assume her duties as Chief Financial Officer of Terex later in February shortly after Terex files its 2024 Annual Report on Form 10-K. Ms. Beck will remain in her current role until Ms. Kong-Picarello assumes the duties of Chief Financial Officer. Ms. Beck will then continue with the Company until April 1 to assist with the transition.
Sales of $1.2 billion and operating margin of 10.1% and 10.5% as adjusted1EPS of $1.31 and adjusted1 EPS of $1.46Return on invested capital of 23.7%Full-year adjusted1 EPS outlook of $5.85 to $6.25NORWALK, Conn., Oct. 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry, today announced its results for the third quarter 2024. CEO Commentary"The Terex team adapted quickly to in-quarter ind
NORWALK, Conn., Oct. 14, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on December 19, 2024 to all stockholders of record as of the close of business on November 8, 2024. About Terex Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance,
JP Morgan analyst Tami Zakaria maintains Terex (NYSE:TEX) with a Neutral and raises the price target from $59 to $65.
Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell sharply during Monday’s session. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from Buy to Neutral. CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world. Selective Insurance Group shares dipped 13.2% to $264.65 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) shares climbed 148% to $1.98 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2. CareMa
Baird analyst Mircea Dobre maintains Terex (NYSE:TEX) with a Neutral and raises the price target from $58 to $67.
Raymond James initiated coverage of Terex with a rating of Mkt Perform
Citigroup initiated coverage of Terex with a rating of Neutral and set a new price target of $60.00
JP Morgan downgraded Terex from Overweight to Neutral and set a new price target of $63.00
NORWALK, Conn., April 15, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the appointment of R. Mark Cox as Senior Vice President Corporate Development, effective immediately. He will report to Simon Meester, Terex President and Chief Executive Officer, and will serve on the Company's Executive Leadership Team. He succeeds Randy S. Williamson, who is retiring. Cox is joining Terex from Trinity Industries, Inc., where since 2021 he has served as Executive Vice President of Corporate Development. Previously, over the prior 18 years, he had served in senior M&A
NORWALK, Conn., March 4, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the appointment of Neil Frohnapple as Vice President, Investor Relations, effective immediately. He will report to Julie Beck, Senior Vice President and Chief Financial Officer. He joins Terex from The Timken Company, a $5 billion industrial manufacturing company, where since 2019 he had served as Head of Investor Relations. Before that, he spent 13 years as a sell-side equity research analyst covering industrial companies in the machinery and multi-industrial sectors. "We are delighted
NORWALK, Conn., Oct. 27, 2021 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the publication of its 2021 Environmental, Social, and Governance (ESG) Report. The report details Terex's commitment to all our stakeholders and how ESG is integral to the Company's strategic priorities. "For many years, Terex has been on a journey to create more sustainable outcomes for our team members, customers, investors and our communities. Our 2021 ESG Report reflects the hard work of Terex team members around the world," said Terex Chairman and CEO John L. Garrison, Jr. High
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Sales of $1.2 billion and operating margin of 10.1% and 10.5% as adjusted1EPS of $1.31 and adjusted1 EPS of $1.46Return on invested capital of 23.7%Full-year adjusted1 EPS outlook of $5.85 to $6.25NORWALK, Conn., Oct. 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry, today announced its results for the third quarter 2024. CEO Commentary"The Terex team adapted quickly to in-quarter ind
NORWALK, Conn., Oct. 14, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on December 19, 2024 to all stockholders of record as of the close of business on November 8, 2024. About Terex Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance,
NORWALK, Conn., Sept. 19, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced that it is updating its 2024 outlook. Full-year 2024 adjusted earnings per share, excluding the benefit of the recently announced Environmental Solutions Group (ESG) acquisition, is now expected to be between $5.80 and $6.20 on revenue of $4.85 to $5.05 billion. "Our channels globally made adjustments faster than we anticipated, resulting in lower than expected sales volume. In AWP, customers reduced planned deliveries to align their fleet configuration with seasonal rental demand. On t
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