Morgan Stanley Sticks to Their Hold Rating for Terex (TEX)

Morgan Stanley analyst Courtney Yakavonis maintained a Hold rating on Terex (TEXResearch Report) yesterday and set a price target of $35.00. The company’s shares closed yesterday at $40.54.

According to TipRanks, Yakavonis is a 3-star analyst with an average return of 3.3% and a 41.72% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Caterpillar, Timken Company, and Allison Transmission Holdings.

In addition to Morgan Stanley, Terex also received a Hold from Credit Suisse’s Jamie Cook in a report issued yesterday. However, on October 30, Jefferies maintained a Buy rating on Terex (NYSE: TEX).

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Based on Terex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.08 billion and a net profit of $74.1 million. In comparison, last year the company earned a revenue of $1.04 billion and had a net profit of $73.9 million

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Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. The company designs, builds and support products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. It operates through the following segments: Aerial Work Platforms; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers and light towers. The Materials Processing segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, and their related components and replacement parts. The company was founded in 1933 and is headquartered in Westport, CT.

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