Terex price target lowered to $56 from $57 at BofA

BofA lowered the firm’s price target on Terex to $56 from $57 and keeps an Underperform rating on the shares after the company reported what the firm describes as “an underwhelming Q4 that was a bit messy.” A “slight slip up on execution at an uncertain time” is likely to be an overhang in the near-term, the analyst tells investors. The company is guiding to a flattish 2024, but the key for Terex is how orders build to dictate 2025, the analyst added.