Konecranes-Terex deal to proceed as China's Zoomlion drops rival bid
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Stifel Cuts Price Target on Terex (TEX) to $25 as Zoomlion Deal Falls Through
May 31, 2016 9:17 AM EDTStifel maintained a Buy rating on Terex (NYSE: TEX), and cut the price target to $25.00 (from $30.00), after the company's deal with Zoomlion falls through. Shares of Terex dropped 14% compared to a 0.5% gain in the broader market.
Analyst Stanley Elliott commented, "Friday morning... More
Morgan Stanley Downgrades Terex (TEX) to Equalweight
May 31, 2016 6:41 AM EDTMorgan Stanley downgraded Terex (NYSE: TEX) from Overweight to Equalweight with a price target of $21.00 (from $26.00).
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 $20.89 yesterday.
... MoreEvercore ISI Downgrades Terex (TEX) to Hold
May 27, 2016 8:27 AM EDTEvercore ISI downgraded Terex (NYSE: TEX) from Buy to Hold with a price target of $21.00 (from $31.00).
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 $24.33 yesterday.
... MoreTerex (TEX) Affirms Termination of Talks with Zoomlion
May 27, 2016 8:24 AM EDTTerex Corporation (NYSE: TEX) announced discussions with Zoomlion Heavy Industry Science and Technology Co. (Zoomlion) regarding the purchase of Terex Corporation, either with or without the MHPS segment, have been terminated. Terex also announced that the sale of its Material Handling and Port Solutions business (MHPS) to Konecranes will proceed. The sale of MHPS to Konecranes for approximately $1.3 billion is subject to customary regulatory approvals and the... More
