- We are bullish on Terex Corp.
- A recent meeting with Terex CEO Ron DeFeo at the company’s headquarters left Morgan Stanley feeling optimistic about the stock.
- Barron's recently published an article describing why Terex could see a 30% lift in the next twelve months.
- In our view the main catalysts for upside include: cost saving initiatives, growth in the port business, and increased marketshare relative to CAT.
- We see a twelve month share price between $45-$60 as a reasonable target.