JPMorgan analyst Ann Duignan believes the Committee on Foreign Investment is unlikely to block the potential takeover of Terex by Chinese equipment manufacturer Zoomlion. With Terex trading at $22 per share, well below the offer of $30 per share, investors remain skeptical about Zoomlion's ability execute the transaction, Duignan tells investors in a research note. After speaking to a government affairs colleague, she views the likelihood of CFIUS blocking this deal as very low. The analyst has a Neutral rating on Terex with a $24 price target.

Reports Q1 revenue $1.3B, consensus $1.24B. "Terex delivered excellent first quarter results, achieving sales growth and margin expansion versus the prior year," said CEO Simon Meester. "The Terex team continues to perform at a high level and demonstrate the power of its focused strategy and its proven ability to create value. We are raising our full-year outlook to reflect our strong first quarter performance, while also prudently planning for continued softness in Europe over the balance of the year." Meester continued, "Overall, customer demand remains strong for Terex's differentiated products as evidenced by our robust backlog. In addition, we are advancing our new product initiatives to bolster the Company's portfolio of market-leading businesses that will continue to benefit from megatrends over the coming years. We are focused on accelerating our profitable growth strategy and are committed to delivering strong performance through the cycle."