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Enter Symbol:
 
Terex Corporation (TEX) [hlAlert]

Rating:
Sell TEX
up 1.39 %

Terex Corporation (TEX) rated Sell by Standpoint Research

Posted on: Thursday,  Oct 21, 2010  10:25 AM ET by Standpoint Research

Standpoint Research rated Sell Terex Corporation (NYSE: TEX) on 10/21/2010, when the stock price was $23.23. Since
then, Terex Corporation has lost 1.38% as of 01/27/2016's recent price of $22.91.
If you would have followed this Standpoint Research's recommendation on TEX, you would have gained 1.39% of your investment in 1924 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.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/21/2010 10:25 AM Sell
None
23.23
as of 12/31/2010
1 Week down  -1.10 %
1 Month down  -28.45 %
3 Months down  -34.26 %
1 YTD down  -34.26 %

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