Goldman Sachs analyst Jerry Revich upgraded Terex (TEX) to Buy from Neutral with a price target of $60, up from $45. The firm believes the company’s Aerials segment earnings are bottoming in Q1 amid a 30% production cut and a book to bill ratio 15% above historical average. Further, used inventories suggest an improving supply picture, the analyst tells investors in a research note. Goldman believes Terex’s tariff risks are now reflected in the shares.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEX: