UBS Remains Sidelined on Terex (TEX) - PT to $25

August 26, 2016 9:26 AM EDT
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Price: $31.82 -1.61%

Rating Summary:
    7 Buy, 18 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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UBS reiterated a Neutral rating on Terex (NYSE: TEX), and cut the price target to $25.00 (from $21.00), following the company's earnings call.

Analyst Steven Fisher commented, "We estimate that the aggregate cost reduction plans discussed by TEX on its 8/2/16 earnings call could amount to $0.50/sh by 2018. We think the cost cuts could be partially offset by rising raw material costs and pricing headwinds, but the plan represents a significant portion of the 2018 consensus earnings estimate of $1.66/sh. Additionally, we think the mid-cycle margin profile could look substantially improved after the divestiture of MHPS and the German compact construction business."

For an analyst ratings summary and ratings history on Terex click here. For more ratings news on Terex click here.

Shares of Terex closed at $23.84 yesterday.



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Analyst Comments, Analyst EPS Change, Analyst PT Change

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