Analyst Ratings For Terex
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for Terex (NYSE:TEX), with 7 analysts offering views ranging from bullish to bearish. Over the past three months, sentiments have shifted, with the current average 12-month price target at $60.57, down from the previous $67.71. Analysts from firms including Jefferies, UBS, Goldman Sachs, Barclays, JP Morgan, and Citigroup have lowered their price targets, reflecting changes in market dynamics and company performance. Terex has shown strong financial performance with solid revenue growth, high net margin, and impressive ROE and ROA, while maintaining a balanced debt approach.
December 20, 2023 | 1:00 pm
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Analysts have lowered their price targets for Terex, with the average 12-month target now at $60.57, indicating a potential downside from previous targets. Despite strong financial performance, the lowered targets may influence investor sentiment.
The lowering of price targets by multiple analysts suggests a bearish outlook for Terex in the short term, which could lead to a negative impact on the stock price. The unanimous direction of the target adjustments, despite the company's strong financial performance, indicates a significant shift in market sentiment that is likely to be taken seriously by investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100