Baird lowered the firm’s price target on Terex (TEX) to $55 from $65 and keeps a Neutral rating on the shares. The company’s Q3 was in-line but backlog erosion and significant order softness in both segments continue to pose challenges for 2025, the analyst tells investors in a research note. The firm says it is “still a bit too early to view the shares as fully de-risked.”
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Read More on TEX:
- Terex Faces Q3 Sales Decline Amid Strategic Moves
- Terex reports Q3 adjusted EPS $1.46, consensus $1.31
- Terex sees FY24 adjusted EPS $5.85-$6.25, consensus $5.87
- TEX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Terex price target lowered to $62 from $65 at JPMorgan
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