Terex (TEX) Tops Q4 EPS by 4c, Revenues Beat; Raises FY19 EPS Guidance
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Terex (TEX) PT Raised to $38 at RBC Capital
February 27, 2019 7:22 AM ESTRBC Capital analyst Seth Weber raised the price target on Terex (NYSE: TEX) to $38.00 (from $34.00) while maintaining a Sector Perform rating.
... MoreTerex (TEX) PT Raised to $39 at Baird
February 26, 2019 8:15 AM ESTBaird analyst Micrea Dobre raised the price target on Terex (NYSE: TEX) to $39.00 (from $29.00) while maintaining a Neutral rating.
... MoreTerex (TEX) Announces Sale of Demag Mobile Cranes Business to Tadano Ltd. for $215M
February 25, 2019 5:57 AM ESTTerex Corporation (NYSE: TEX) today announced that it has agreed to sell its Demag® Mobile Cranes business to Tadano Ltd. for an enterprise value of approximately $215 million. The Demag® Mobile Cranes business manufactures and sells all terrain cranes and large crawler cranes. Included in the transaction are the manufacturing facilities in Zweibrucken, Germany and multiple sales and service locations. The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in mid-2019.
The Demag® Mobile Cranes business has been part of our Company for almost two decades... More
Why Did Terex (TEX) Delay Its Earnings?; Analyst Thinks Potential Astec Industries (ASTE) Takeover is a Possible Reason
February 22, 2019 11:26 AM ESTRecently Terex (NYSE: TEX) changed its earnings date (from Feb. 19 to Feb. 26), which has created ample speculation about possible M&A. Baird analyst Mig Dobre is asking today if Astec Industries (NASDAQ: ASTE) could be the target.
The analyst thinks such a deal might make sense. He notes the two are direct competitors in the crushing and screening business - Materials Processing segment for TEX, Aggregate and Mining Group for ASTE. Terex has long viewed the segment as a stable,... More
