Terex Corp (NYSE: TEX) has benefited from exceptional positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Recent slight positive changes in fundamentals have benefitted Terex Corp (NYSE: TEX): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TEX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Terex has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Terex has a neutral Appreciation Score of 55 but a good Power Rating of 82, producing the Positive Value Trend Rating.
Recent Price Action
On 12/19/23, Terex Corp (NYSE: TEX) stock enjoyed a large increase of 3.2%, closing at $59.16. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 15.5% during the last week.
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