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Fly News Breaks for July 10, 2018
TEX
Jul 10, 2018 | 07:44 EDT
Baird analyst Mircea Dobre downgraded Terex to Underperform, telling investors in a research note that equipment demand is likely to slow as signs of plateauing rental growth emerge. While rental rates are strong, Dobre says recent fleet growth is beginning to become more apparent in flattening utilization and slower rental rates. The analyst believes OEM margins remain under pressure and demand into 2019 is "increasingly at risk." Dobre maintains a $38 price target on shares.
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