BUZZ-Jefferies hikes Terex PT on potential margin upside

Reuters02-12 19:07
BUZZ-Jefferies hikes Terex PT on potential margin upside

** Jefferies lifts PT on industrial equipment maker Terex Corp TEX.N to $70 from $50, maintains rating at "hold"

** New PT implies 1.3% upside to stock's last close

** Brokerage says co's margin outlook appears conservative, with potential upside as operational execution and mix tailwinds materialize through the year

** Adds co's mobile products segment and specialty vehicles segment are expected to deliver steady sales and margin growth this year

** However, brokerage cuts 2026 EPS forecast to $4.95 from $5.65

** 5 of 11 brokerages rate the stock "buy" or higher, 5 "hold" and 1 "sell"; median PT is $65.25 - data compiled by LSEG

** As of last close, TEX shares up 29.4% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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