Barclays reinstates Terex coverage with 'overweight' rating

Terex

01/04/2026 13:28

** Barclays reinstates industrial equipment maker Terex Corp TEX.N coverage with "overweight" rating; price target at $65

** Price target represents an 8.5% upside to stock's last close

** Brokerage says after the planned Aerial Work Platforms (AWP) divestiture and the completed REV Group merger, Terex's portfolio becomes predominantly exposed to municipal spending, offering slower but more stable growth

** "Our view reflects a fundamentally transformed portfolio and an improving risk-reward as end markets stabilize," brokerage says

** As of last close, shares were up 10.7% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))