Terex (TEX -2%) slips today, despite Stifel Nicolaus initiating coverage on the shares with a...

|About: Terex Corporation (TEX)|By:, SA News Editor

Terex (TEX -2%) slips today, despite Stifel Nicolaus initiating coverage on the shares with a Buy and a $44 price target. Stifel calls it a leading solutions provider with strong market share positions across most of its businesses in which it operates. Historically, acquisitions have been a key growth vehicle for the company, accounting for nearly 90% of its business. But the company has shifted focus toward improving existing operations, and expects profitable growth and cash generation in the coming upcycle.