Evercore ISI Group Maintains Outperform on Terex, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Terex (NYSE:TEX) but has lowered the price target from $67 to $59.
August 19, 2024 | 2:15 pm
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Evercore ISI Group has maintained an 'Outperform' rating on Terex but reduced the price target from $67 to $59, indicating a more cautious outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in Terex's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
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