Terex Announces Talks with Zoomlion Terminated
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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.
... MoreUPDATE: Terex (TEX) Said to Want $31/Share or More from Zoomlion
May 27, 2016 2:29 PM EDT(Updated - May 27, 2016 2:48 PM EDT)
Terex (NYSE: TEX) said to want $31 per share or more from Zoomlion, according to Bloomberg.
UPDATE - News comes from Terex vice president Tom Gelston today.
Gelston also noted that... More
Evercore 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.
... More