Bank of America Corp. upgraded Terex Corporation (NYSE:TEX) to Buy in a report released today.
- Updated: October 14, 2016
Yesterday Terex Corporation (NYSE:TEX) traded 5.23% higher at $23.89. The company’s 50-day moving average is $24.32 and its 200-day moving average is $23.24. The last stock close price is up 8.18% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,608,591 shares of the stock were exchanged, up from an average trading volume of 1,065,990
Bank of America Corp. has upgraded Terex Corporation (NYSE:TEX) to Buy in a report released on 10/14/2016.
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Terex Corporation has a 52 week low of $13.62 and a 52 week high of $25.85 with a P/E ratio of 50.89 The company’s market cap is currently $0.
In addition to Bank of America Corp. reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $23.59 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Terex Corporation (NYSE:TEX)
Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries. It operates through five segments: Aerial Work Platforms (AWP), Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP). The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The Construction segment designs, manufactures and markets over two primary categories of construction equipment and their related components, and replacement parts. The Cranes segment designs, manufactures, services, refurbishes and markets mobile cranes. MHPS designs, manufactures, services and markets industrial cranes. The MP segment designs, manufactures and markets materials processing equipment.
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