Jefferies hikes Terex PT on potential margin upside
12/02/2026 11:07
** Jefferies lifts PT on industrial equipment maker Terex Corp TEX.N to $70 from $50, maintains rating at "hold"
** New PT implies 1.3% upside to stock's last close
** Brokerage says co's margin outlook appears conservative, with potential upside as operational execution and mix tailwinds materialize through the year
** Adds co's mobile products segment and specialty vehicles segment are expected to deliver steady sales and margin growth this year
** However, brokerage cuts 2026 EPS forecast to $4.95 from $5.65
** 5 of 11 brokerages rate the stock "buy" or higher, 5 "hold" and 1 "sell"; median PT is $65.25 - data compiled by LSEG
** As of last close, TEX shares up 29.4% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))