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Fly News Breaks for April 18, 2018
TEX
Apr 18, 2018 | 06:59 EDT
Seaport Global analyst Michael Shlisky upgraded Terex to Buy with a $46 price target saying the pullback in shares is somewhat unjustified and the company has made a compelling case that there is a multi-year earnings growth cycle. Shlisky said a peaking AWP cycle does not appear to be on the horizon and believes increased international adoption volumes could grow beyond 2019. Additionally, the analyst said a trough in Cranes has been reached and recent steel surcharges appear to have been largely accepted by fleets.
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