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Enter Symbol:
 
Terex Corporation (TEX) [hlAlert]

Rating:
Neutral TEX
down 22.87 %

Terex Corporation (TEX) upgraded to Neutral by BofA/Merrill

Posted on: Monday,  Jan 28, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Neutral Terex Corporation (NYSE: TEX) on 01/28/2013. Previously BofA/Merrill rated Underperform Terex Corporation (NYSE: TEX) on 12/14/2012., when
the stock price was $25.35. Since then, Terex Corporation has gained 29.66% as of 01/28/2013's recent price of $32.87.
If you would have followed the previous BofA/Merrill's recommendation on TEX, you would have lost 22.87% of your investment in 45 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2013 8:25 AM Hold
None
32.87
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -16.93 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/14/2012 8:25 AM Sell
None
25.35

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