B of A Securities Downgrades Terex to Underperform, Announces $57 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Michael Feniger has downgraded Terex Corporation (NYSE:TEX) from Neutral to Underperform and set a price target of $57.

January 19, 2024 | 12:59 pm
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Terex Corporation was downgraded by B of A Securities from Neutral to Underperform with a new price target of $57.
The downgrade from Neutral to Underperform by a major analyst is likely to negatively impact investor sentiment and could lead to a short-term decline in Terex's stock price. The announcement of a price target provides a specific expectation that may influence trading behavior.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100