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Fly News Breaks for July 27, 2015
TEX
Jul 27, 2015 | 06:43 EDT
Goldman downgraded Terex to Sell and lowered its view on the Machinery Sector to Cautious from Neutral. The firm sees an extended machinery downturn across commodity exporting countries where infrastructure investment is slowing and capital stock is high. Goldman said Terex will be impacted by a peak in aerial platform demand volumes in North America and sees pricing risk from the weak euro and Canadian dollar. The firm lowered Terex's price target to to $18 from $24 on shares.
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