BUZZ-Barclays reinstates Terex coverage with 'overweight' rating
Reuters04-01
BUZZ-Barclays reinstates Terex coverage with 'overweight' rating
** Barclays reinstates industrial equipment maker Terex Corp TEX.N coverage with "overweight" rating; price target at $65
** Price target represents an 8.5% upside to stock's last close
** Brokerage says after the planned Aerial Work Platforms $(AWP)$divestiture and the completed REV Group merger, Terex's portfolio becomes predominantly exposed to municipal spending, offering slower but more stable growth
** "Our view reflects a fundamentally transformed portfolio and an improving risk-reward as end markets stabilize," brokerage says
** As of last close, shares were up 10.7% YTD
(Reporting by Parth Chandna)
((Parth.Chandna@thomsonreuters.com;))
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