JP Morgan Downgrades Terex to Neutral, Announces $63 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ann Duignan downgraded Terex (NYSE:TEX) from Overweight to Neutral and set a $63 price target.

March 18, 2024 | 11:31 am
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NEGATIVE IMPACT
Terex downgraded by JP Morgan from Overweight to Neutral with a $63 price target.
The downgrade from Overweight to Neutral by a major analyst like JP Morgan is likely to negatively impact investor sentiment towards Terex in the short term. The setting of a price target provides a benchmark but the downgrade is the primary factor likely to influence the stock's direction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100