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Terex Corporation Message Board

  • getintoh20 getintoh20 Jun 18, 2013 6:55 AM Flag

    S&P cut our target price by $18 to $30,

    We lower our '13 EPS estimate $0.70 to $2.05, and '14's by $0.75, to $2.90. We cut our target price by $18 to $30, 14.6X our '13 EPS estimate, and the upper half of its range during business upturns of the past decade. TEX cut its '13 EPS guidance to $1.90-$2.10 ex-items, from $2.40-$2.70, citing softer than expected sales trends in its construction and materials handling segments. We find the new guidance to be discouraging, after its disappointing Q1 report a couple of months ago, but think it is going through a soft patch and not the end of its business cycle.

24.76+0.23(+0.94%)Oct 21 4:02 PMEDT