Movement Alert｜Terex Intraday Rise 5.88% in Regular Trading, Truist Raises Price Target to 87 Dollars

Market Focus10-30 03:03

On October 30, Terex rose 5.88% in Regular Trading, trading near $56.49 per share, with turnover of $101 million.

The clearest catalyst was a fresh analyst action: Truist raised its price target on Terex to $87 from $85 and maintained its Buy rating, providing near-term support for sentiment.

The rating change followed Terex's latest quarterly report. The company posted third-quarter adjusted EPS of $1.50, above the $1.42 consensus, and revenue of $2.197 billion, above the $2.168 billion expectation. Terex also narrowed full-year adjusted EPS guidance to $4.80-$5.00 and revenue guidance to $8.0-$8.2 billion, both broadly close to market expectations, reinforcing the view that operating trends remain stable despite a mixed machinery sector backdrop.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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