Terex price target raised to $52 from $48 at UBS

UBS raised the firm’s price target on Terex (TEX) to $52 from $48 and keeps a Neutral rating on the shares. UBS sees limited bright spots in Machinery earnings in Q2, telling investors in a research note that earnings should start to show tariff impactm while the direction of the economy remains uncertain. Construction machinery appears to have the best second half setup, but UBS sees risk of disappointment in 2H as inventories and demand likely have not improved enough to support improvement vs. the first half.