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Terex’s New Direction Wins Analysts | Durham News
Terex is turning heads at Morgan Stanley, which upgraded its rating to “Overweight” with a $112 price target—up from $84—after a glowing visit to headquarters. The 93-year-old equipment giant is shedding its old cyclical image, thanks to a strategic pivot toward high-demand specialty vehicles, powered by its merger with REV Group. A $100M+ order from Chicago Fire alone underscores the surge in demand for emergency and waste trucks. Internally, Terex is also improving efficiency and standardization, and even its $250M–$300M bet on robotics startup Apptronik adds intrigue. The real test? Can…
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