Barclays Maintains Equal-Weight on Terex, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adam Seiden maintains an Equal-Weight rating on Terex (NYSE:TEX) and lowers the price target from $66 to $60.
October 18, 2023 | 1:20 pm
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Barclays has maintained an Equal-Weight rating on Terex and lowered the price target from $66 to $60.
The lowering of the price target by Barclays indicates a potential decrease in the stock price of Terex in the short term. This is because the new price target is lower than the previous one, suggesting that the analyst believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100