Terex Corporation (NYSE: TEX) reiterated to Buy with price target $35 by Deutsche Bank
Deutsche Bank reiterated Terex Corporation (NYSE: TEX) to Buy with price target $35. Previously, Deutsche Bank rated Terex Corporation (NYSE: TEX) to Buy with price
target $52 on 02/20/2014, when the stock price was valued at $43.34. Since then, Terex Corporation's stock price has lost 39% as of 08/12/2015's recent price of $26.49. If you had followed Deutsche Bank's previous recommendation on TEX, you would have lost 39% of your investment in 538 days.
(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.
is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank
. This division is one of the largest global asset managers.