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Terex Corporation (TEX) [hlAlert]

Rating:
Buy TEX
down 12.39 %

Terex Corporation (TEX) rated Buy with price target $32 by Morgan Joseph

Posted on: Thursday,  Apr 15, 2010  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Terex Corporation (NYSE: TEX) on 04/15/2010, when the stock price was $26.15. Since
then, Terex Corporation has lost 12.39% as of 01/27/2016's recent price of $22.91.
If you would have followed this Morgan Joseph's recommendation on TEX, you would have lost 12.39% of your investment in 2113 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.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/15/2010 8:25 AM Buy
None
26.15 32.00
as of 12/31/2010
1 Week up  1.10 %
1 Month up  28.45 %
3 Months up  36.08 %
1 YTD up  19.27 %

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