Fly News Breaks for November 8, 2019
Nov 8, 2019 | 05:26 EDT
Goldman Sachs analyst Jerry Revich upgraded Terex to Buy from Sell and added the shares to his firm's Conviction List. He also raised his price target for the shares to $37 from $25. The analyst believes Terex's Aerial Work Platform segment earnings are bottoming in Q4 and that the "second derivative has turned" for used inventories, indicating that supply/demand is re-balancing. As such, he sees scope for multiple expansion on mid-cycle earnings.
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