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Enter Symbol:
 
Terex Corporation (TEX) [hlAlert]

Rating:
Neutral TEX
down 66.13 %

Terex Corporation (TEX) downgraded to Neutral by Banc of America Sec

Posted on: Monday,  Oct 20, 2008  9:25 AM ET by Banc of America Sec

Banc of America Sec rated Neutral Terex Corporation (NYSE: TEX) on 10/20/2008. Previously Banc of America Sec rated Buy Terex Corporation (NYSE: TEX)
on 12/20/2007., when the stock price was $60.32. Since then, Terex Corporation has lost 66.13% as of 10/20/2008's recent price of $20.43.
If you would have followed the previous Banc of America Sec's recommendation on TEX, you would have lost 66.13% of your investment in 305 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.

Integrity, objectivity and originality are cornerstones of the value–added research that we offer to corporate and institutional clients. As thought leaders, our goal is to help clients understand and adapt to changing economic conditions and events that drive markets, currencies, industries and companies worldwide. And we deliver innovative ideas based on rigorous primary research, sound principles and clear vision. Our research teams are organized by areas of expertise, from equities, fixed income and emerging markets to foreign exchange and global financial risk advisory – featuring many of the industry’s most respected analysts and economists. Through our private, password–protected Web portal, our clients have access to a comprehensive array of timely research and commentary, including: * U.S. and global economic updates and indicators * Federal budget and fiscal policy * Industry outlooks * Stock coverage and picks * Financial market strategies * Corporate bond issuer risk analysis
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/20/2008 9:25 AM Hold
None
20.43
as of 12/24/2008
1 Week up  2.20 %
1 Month up  24.09 %
3 Months up  6.00 %
1 YTD down  -105.01 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/20/2007 8:25 AM Buy
None
60.32 80.00

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