Morgan Stanley Maintains Their Hold Rating on Terex Corp (TEX)

By Ryan Adsit

In a report released today, Courtney Yakavonis from Morgan Stanley maintained a Hold rating on Terex Corp (TEXResearch Report), with a price target of $31.00. The company’s shares closed last Monday at $23.28, close to its 52-week low of $22.84.

According to TipRanks.com, Yakavonis is a 1-star analyst with an average return of -7.5% and a 26.5% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies Corporation, Allison Transmission Holdings Inc, and CNH Industrial.

Terex Corp has an analyst consensus of Hold, with a price target consensus of $30.00.

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The company has a one-year high of $38.81 and a one-year low of $22.84. Currently, Terex Corp has an average volume of 950.1K.

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Terex Corp. engages in manufacturing of aerial work platforms, cranes, and materials processing machinery. It designs, builds and support products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. It operates in two reportable segments: Aerial Work Platforms; and Materials Processing.