Terex Corporation (TEX) has disclosed a new risk, in the Manufacturing category.
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Terex Corporation faces significant business risk if its equipment underperforms or is found to have safety defects. Such occurrences could prompt warranty claims, necessitate safety recalls, or force delivery delays, incurring substantial costs. Moreover, the company must prudently manage reserves for warranties, addressing the financial impact of repairs, recalls, regulatory fines, and potential legal claims. Should actual costs exceed reserves, or if a perception of unsafe products takes hold, Terex Corporation could experience material repercussions to its operations, reputation, and financial stability.
The average TEX stock price target is $58.57, implying -0.48% downside potential.
To learn more about Terex Corporation’s risk factors, click here.