Terex (TEX) shares soared 7.1% in the last trading session to close at $63.17. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.5% gain over the past four weeks.Terex Corporation has completed its merger with REV Group, creating a leading specialty equipment manufacturer with a diversified and complementary portfolio. The combined entity benefits from lower capital intensity, an attractive leverage profile, and strong free cash ...

NORWALK, Conn., Feb. 2, 2026 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced the successful completion of its merger with REV Group (NYSE: REVG) to form a premier specialty equipment manufacturer with a diversified portfolio and strong growth prospects. Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand ma ...

Transaction expected to close in the first week of February 2026 NORWALK, Conn. and BROOKFIELD, Wis., Jan. 28, 2026 /PRNewswire/ -- Terex Corporation (NYSE: TEX) ("Terex") and REV Group, Inc. (NYSE: REVG) ("REV") today announced that they have each received the necessary stockholder approvals to complete the previously announced merger of Terex and REV at each company's Special Meeting of Stockholders held earlier today.Based on the results of the votes at each of the Terex and REV Special Meetings, the co ...

Summary of Terex Corporation's Extraordinary General Meeting Company Overview - **Company**: Terex Corporation (NYSE:TEX) - **Event**: Extraordinary General Meeting held on January 28, 2026 Key Points Discussed Merger Proposal - The primary agenda was to approve the issuance of shares of Terex common stock to REV Group stockholders as part of the proposed merger between Terex and REV Group [3] - The board of directors unanimously recommended that stockholders vote in favor of this proposal [3] - The proposal required a majority of votes cast for approval, which was achieved as indicated by the preliminary report [3] Voting Process - A quorum was established for the meeting, with sufficient shares represented to conduct business [2] - Stockholders unable to attend in person were able to vote by proxy, and those attending online had the option to change their votes during the meeting [2] Meeting Conclusion - The final vote tabulation will be included in Terex's current report on Form 8-K, which will be filed with the SEC within four business days [4] - The meeting concluded without further business, and attendees were informed that a company representative would follow up on any submitted questions [4][5] Additional Important Information - The merger is described as a transformational transaction for Terex, indicating significant strategic implications for the company [1] - Acknowledgment of the hard work and dedication of team members and the support from customers and stockholders was emphasized by the Non-Executive Chairman [1]

Core Viewpoint - Terex Corporation will host a conference call to discuss its fourth quarter and year-end 2025 financial results on February 11, 2026, at 8:30 a.m. Eastern Time, led by CEO Simon Meester and CFO Jennifer Kong-Picarello [1]. Group 1: Financial Results Announcement - The financial results will be available on the company's investor relations website prior to the call on February 11, 2026 [2]. - Participants are encouraged to join the webcast 15 minutes early, and a replay will be accessible afterward on the same website [2]. Group 2: Company Overview - Terex Corporation is a global manufacturer of industrial equipment, focusing on materials processing machinery, waste and recycling solutions, and mobile elevating work platforms [3]. - The company designs and supports products used across various sectors, including maintenance, manufacturing, energy, and construction, while also providing lifecycle support and digital solutions to enhance customer investment returns [3]. - Terex offers environmentally friendly products, including electric and hybrid options, and supports renewable energy initiatives and waste recovery [3]. - The company's manufacturing facilities are located in North America, Europe, and Asia Pacific, with products sold globally [3].

Core Insights - Terex Corporation has appointed Namita Jindal as Senior Vice President and Chief AI and Data Officer, effective immediately [1] - Jindal brings over two decades of experience in digital transformation, previously serving as Chief Information Officer at CentralSquare Technologies and holding key roles at Honeywell Intelligrated [2][3] - The appointment is expected to enhance Terex's digital strategy and operational efficiency, contributing to a more profitable company [3] Company Overview - Terex Corporation is a global manufacturer of industrial equipment, specializing in materials processing machinery, waste and recycling solutions, and mobile elevating work platforms [4] - The company designs and supports products used across various industries, including maintenance, manufacturing, energy, and construction, while also focusing on environmental sustainability through electric and hybrid offerings [4] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [4]

Core Thesis - Terex Corporation (TEX) presents a bullish investment opportunity driven by strategic acquisitions and a potential merger with REV Group, which could enhance growth and shareholder value [1][5][7] Business Overview - Terex operates three distinct business segments: aerial work platforms in North America, mobile screening and crushing equipment in Ireland, and Heil-branded garbage trucks, which were acquired for $2 billion from Dover in October 2024 [2][3] Historical Context - The company has a history of acquisitions and divestitures, including the significant purchase of Genie's aerial work platform business in 2002, followed by a balance sheet strengthening under CEO John Garrison [3] - Current CEO Simon Meester has continued this trend with the Heil acquisition, which has added revenue but also increased debt [3] Recent Developments - Terex announced a merger with REV Group, involving $425 million in cash and 48 million TEX shares, alongside a planned divestment or spinoff of the Genie business [4] - The rationale for this strategic shift is not fully clear, but the chair, David Sachs, has a significant stake, suggesting confidence in management's direction [4] Financial Performance - In 2025, core business segments showed mixed results, with the aerial work platform and materials segments softening, while the garbage truck division remained strong [3] - TEX's stock price has appreciated by approximately 33.23% since previous bullish coverage, indicating positive market sentiment [6] Investment Outlook - If the merger with REV Group is completed, shareholders could benefit from a combined entity with substantial growth potential and a significant backlog [5] - If the merger does not proceed, existing shareholders would still retain a profitable and diversified business with an attractive valuation, particularly in the aerial work platform unit [5]

Industry Overview - The Zacks Manufacturing - Construction and Mining industry is currently facing challenges due to a prolonged contraction in the manufacturing sector and subdued customer spending attributed to tariffs [1][4]. - The industry includes companies that manufacture and sell construction, mining, and utility equipment, supporting various sectors such as oil and gas, power generation, and infrastructure projects [3]. Current Trends - Despite ongoing weaknesses, increased infrastructure investment in the U.S. and demand from the mining sector, driven by the energy transition trend, are expected to support the industry [2][5]. - The manufacturing index has been in contraction for 10 months, with a reading of 47.9% in December, indicating a significant decline in manufacturing activity [4]. - The energy transition trend is anticipated to boost demand for mining equipment as the shift from fossil fuels to zero emissions requires more commodities [5]. Financial Performance - The Manufacturing - Construction and Mining industry has outperformed the broader market, growing 63.3% over the past year compared to the sector's 8.3% return and the S&P 500's 19.2% increase [10]. - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 17.37X, which is lower than the S&P 500's 18.87X and the Industrial Products sector's 25.7X [13]. Company Highlights - **Caterpillar Inc. (CAT)**: The company reported year-over-year revenue growth in Q3 2025, with a record-high backlog of $39.9 billion. It is expected to benefit from increased infrastructure spending and the global energy transition [17][18]. CAT shares have gained 23.8% in the past three months [17]. - **Terex Corporation (TEX)**: Recently sold its Terex Tower and Rough Terrain Cranes businesses to reduce cyclicality and drive core growth. The company is merging with REV Group, expected to create a leading specialty equipment manufacturer with $7.8 billion in combined net sales [21][23]. TEX shares have gained 16% in the past three months [23]. - **Astec Industries (ASTE)**: Completed the acquisition of CWMF, enhancing its gross margin and earnings per share. The company is focusing on cost reductions and pricing actions to offset tariff impacts [25][26]. ASTE shares have gained 7.6% in the past three months [25].

Core Viewpoint - The proposed sale of REV Group, Inc. to Terex Corporation is under investigation to assess whether the offered consideration adequately values the company [1]. Group 1: Transaction Details - Shareholders of REV Group will receive $8.71 in cash plus 0.9809 of a share of the combined company for each share they own [1]. Group 2: Legal Investigation - Kahn Swick & Foti, LLC is investigating the adequacy of the proposed transaction and the process leading to it [1]. - The firm is seeking to determine if the consideration undervalues REV Group [1].

Core Viewpoint - The article summarizes the latest analyst ratings from Wall Street, highlighting significant upgrades, downgrades, and new coverage that could impact market sentiment and investment decisions [1][6]. Upgrades - Oppenheimer upgraded General Electric Energy (GEV) from "Hold" to "Outperform," setting a target price of $855, citing improved pricing and sales, along with enhanced factory utilization and operational efficiency [5]. - JPMorgan raised PepsiCo (PEP) from "Neutral" to "Overweight," increasing the target price from $151 to $164, due to the company's accelerated innovation and marketing spending [5]. - HSBC upgraded AbbVie (ABBV) from "Hold" to "Buy," with a target price increase from $225 to $265, noting the company's growth momentum and strong execution capabilities [5]. - Morgan Stanley raised Terex (TEX) from "Equal Weight" to "Overweight," with a target price increase from $47 to $60, as the company's performance has rebounded and its business mix has improved [5]. - Oppenheimer upgraded Dyne Therapeutics (DYN) from "Hold" to "Outperform," significantly raising the target price from $11 to $40, highlighting the stock's undervaluation compared to its competitor Avidity [5]. Downgrades - HSBC downgraded Biogen (BIIB) from "Hold" to "Reduce," with a slight target price decrease from $144 to $143, citing the poor performance of its multiple sclerosis business [5]. - Jefferies lowered Emerson Electric (EMR) from "Buy" to "Hold," maintaining a target price of $145, indicating limited short-term upside due to the company's recent performance outlook [5]. - JPMorgan downgraded Noble Energy (NE) from "Overweight" to "Neutral," raising the target price from $31 to $33, while expressing caution about upstream capital expenditures [5]. - Jefferies downgraded Rexnord (RRX) from "Buy" to "Hold," reducing the target price from $170 to $160, noting that the company's transformation plan is taking longer than expected [5]. - Jefferies lowered Vail Resorts (VLTO) from "Buy" to "Hold," with a target price decrease from $125 to $105, stating that the current stock price reflects the company's stable demand and strong returns [5]. New Coverage - Guggenheim initiated coverage on Amazon (AMZN) with a "Buy" rating and a target price of $300, suggesting that the retail sector is showing signs of improvement despite previous concerns [9]. - B. Riley initiated coverage on Roblox (RBLX) with a "Buy" rating and a target price of $125, highlighting the company's strong long-term fundamentals [13]. - Cowen initiated coverage on Sensata Technologies (IOT) with an "Outperform" rating and a target price of $55, believing the company's platform aligns well with the $45 trillion "physical operations" industry [13]. - B. Riley initiated coverage on Take-Two (TTWO) with a "Buy" rating and a target price of $300, driven by the anticipated release of Grand Theft Auto 6 in November 2026 [13]. - Canadian Imperial Bank of Commerce initiated coverage on Shark Ninja (SN) with a "Buy" rating and a target price of $135, viewing the company as a "category disruptor" [13].