Terex (TEX +5.9%) is upgraded to Outperform from Market Perform at Wells Fargo, which expects...

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

Terex (TEX +5.9%) is upgraded to Outperform from Market Perform at Wells Fargo, which expects TEX's backlogs to "expand and earnings to potentially begin to beat over the next few quarters." Despite a 74% YTD gain in the shares and "potential continued short-term rotation away from TEX, we expect the stock will be lifted by improving demand and positive pricing."