Raymond James Financial Upgrades Terex (NYSE:TEX) to Strong-Buy
Raymond James Financial has upgraded Terex (NYSE:TEX) from "outperform" to "strong-buy," maintaining an $85 price target that suggests a 33.8% upside. This upgrade follows Terex's recent financial performance, which exceeded analyst expectations with an EPS of $0.98 and revenue of $1.73 billion, marking a 41.1% year-over-year increase. Despite recent insider selling, analyst sentiment remains positive with a "Moderate Buy" rating and strong institutional ownership.