JP Morgan Maintains Neutral on Terex, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains a Neutral rating on Terex (NYSE:TEX) and lowers the price target from $65 to $62.
October 14, 2024 | 3:09 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Terex and reduced the price target from $65 to $62, indicating a slightly less optimistic outlook.
The lowering of the price target by JP Morgan suggests a less optimistic view on Terex's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100