Terex price target raised to $50 from $43 at JPMorgan

JPMorgan raised the firm’s price target on Terex (TEX) to $50 from $43 and keeps a Neutral rating on the shares after meeting with management. After heavy de-stocking in Q4 and Q1, management expects cost absorption-related margin headwind in Aerials to dissipate due to a seasonal pickup in volumes, leading to operating margin touching low-double-digits in Q2, the analyst tells investors in a research note. The firm says that if 2026 demand were purely driven by replacement demand from the 2018-2019 cohort, Terex’s volumes could be flat or even up year-over-year if macro uncertainty and interest rate pressures ease.