Baird analyst Mircea Dobre raised the firm’s price target on Terex to $46 from $37 and keeps a Neutral rating on the shares. The company CEO John Garrison and team have materially upgraded the business since 2015, divested underperforming assets, improved execution and are now pivoting to playing offense organically and through M&A, the analyst tells investors in a research note. Dobre adds that financial targets of Terex "appear achievable" but reliant on a favorable economic backdrop.
Published first on TheFly
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