TEX Similar Chart Price Prediction
The price of TEX is predicted to go up -9.51%, based on the high correlation periods with MRC. The similarity of these two price pattern on the periods is 94.14%.
TEX
MRC
Down: -9.51%Similarity: 94.14%
TEX Revenue Forecast
TEX EPS Forecast
TEX FAQs
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TEX VS S&P500
Increased infrastructure spending in the US and emerging markets could result in more downstream equipment purchases (materials processing), driving higher sales growth for Terex.
Increasing nonresidential construction spending could create demand for Terex's aerial products.
The aging aerial fleet could lead users to buy newer models with advanced features, boosting sales of Terex's aerial lifts.
TEX Analyst's Forecast
Adam Seiden
Barclays
Hold
2025-02-10
Price Target
$60 → $52
Upside
+16.62%
Barclays analyst Adam Seiden lowered the firm's price target on Terex to $52 from $60 and keeps an Equal Weight rating on the shares post the Q4 report. Machinery markets tend to mean revert and Terex's business have been on the "tough side of the mean and quickly," the analyst tells investors in a research note.
Jamie Cook
Truist Securities
Strong Buy
2024-11-04
Price Target
$62 → $65
Upside
+26.9%
Tami Zakaria
JP Morgan
Hold
2024-10-14
Price Target
$65 → $62
Upside
+11.93%
