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Enter Symbol:
Terex Corporation (TEX) [hlAlert]

Neutral TEX
down 26.63 %

Terex Corporation (TEX) downgraded to Neutral by Longbow

Posted on: Monday,  Jun 25, 2012  9:25 AM ET by Longbow

Longbow rated Neutral Terex Corporation (NYSE: TEX) on 06/25/2012. Previously Longbow rated Buy Terex Corporation (NYSE: TEX) on 02/09/2012., when
the stock price was $22.94. Since then, Terex Corporation has lost 26.63% as of 06/25/2012's recent price of $16.83.
If you would have followed the previous Longbow's recommendation on TEX, you would have lost 26.63% of your investment in 137 days.

Terex Corporation (Terex) is a diversified global manufacturer of capital equipment focused on delivering reliable, customer relevant solutions for the construction, infrastructure, quarrying, surface mining, shipping, transportation, refining and utility industries. The Company operates in five segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining and Terex Roadbuilding, Utility Products and Other. On March 3, 2008, the Company completed the acquisition of ASV Inc. In July 2009, Terex completed the acquisition of the port equipment businesses of Fantuzzi Industries S.a.r.l and Noell Crane.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/25/2012 9:25 AM Hold
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -26.63 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/9/2012 9:25 AM Buy
22.94 30.00

(*) Stock Price at the time of the recommendation.
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