There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Terex (TEX – Research Report) and Deere (DE – Research Report) with bullish sentiments.
Terex (TEX)
In a report issued on March 24, Stephen Volkmann from Jefferies maintained a Buy rating on Terex, with a price target of $60.00. The company’s shares closed last Friday at $37.75, close to its 52-week low of $35.04.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of
Terex has an analyst consensus of Strong Buy, with a price target consensus of $62.00, a 62.3% upside from current levels. In a report issued on March 11, Wells Fargo also initiated coverage with a Buy rating on the stock with a $64.00 price target.
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Deere (DE)
Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Deere on March 23. The company’s shares closed last Friday at $436.45, close to its 52-week high of $436.95.
According to TipRanks.com, Dobre is a 5-star analyst with an average return of
Deere has an analyst consensus of Moderate Buy, with a price target consensus of $428.90, representing a -0.8% downside. In a report issued on March 11, Wells Fargo also initiated coverage with a Buy rating on the stock with a $455.00 price target.
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