Baird raised the firm’s price target on Terex to $58 from $54 and keeps a Neutral rating on the shares after the company reported Q1 results. The sales, operating income, and earnings for the quarter exceeded consensus estimates, driven by upside in Aerial Work Platforms as factory throughput improves, the analyst tells investors in a research note. The firm added that the Materials Processing segment was soft as expected, impacted by softer demand in Europe.
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