Fri Sep 20 12:15:59 UTC 2024: ## Terex Stock Price Target Cut by Goldman Sachs, Analysts Remain Divided

**New York, NY** – Terex Corporation (NYSE:TEX) saw its price target lowered by Goldman Sachs Group on Friday, dropping from $72.00 to $62.00. The brokerage currently maintains a “neutral” rating on the industrial products company’s stock.

This revised target represents a potential upside of 15.18% from Terex’s previous closing price. However, the move comes amid a mixed sentiment among analysts, with several other firms adjusting their own price targets and ratings in recent months.

Jefferies Financial Group lowered their price target from $68.00 to $55.00 and assigned a “hold” rating, while Evercore ISI reduced their target from $67.00 to $59.00 but retained an “outperform” rating. Truist Financial, on the other hand, increased their target from $68.00 to $74.00 and issued a “buy” rating.

Overall, the consensus rating for Terex currently stands at “Hold”, with an average target price of $62.30, according to data from MarketBeat.com.

Terex’s recent quarterly earnings report, released on July 30th, showed strong performance. The company reported $2.16 earnings per share, exceeding analyst estimates by $0.10. Revenue, however, came in at $1.38 billion, slightly below the anticipated $1.43 billion.

Despite the recent stock activity, Terex continues to manufacture and sell a wide range of aerial work platforms and materials processing machinery globally. The company operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP).

Market participants are closely watching Terex’s future performance, with analysts expecting 7.21 earnings per share for the current year. The company’s stock is currently owned by 92.88% institutional investors.

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