Terex price target raised to $48 from $42 at JPMorgan

JPMorgan analyst Tami Zakaria raised the firm’s price target on Terex to $48 from $42 and keeps an Overweight rating on the shares. The analyst expects to hear a positive tone from management at the December 13 investor day around current demand trends and the company’s margin potential long term. Zakaria expects to hear qualitative commentary around strong demand and backlogs, and says a gradually easing supply chain, carryover pricing, and moderating input costs "should provide operating margin lift in 2023."