Wall Street Backs Terex Corp After Selloff: Barclays Sets $65 Price Target

Core Viewpoint - Terex Corp (TEX) has received an Overweight rating from Barclays with a price target of $65, indicating a 19% upside from its current trading price of $54.87, following a 20% pullback in shares over the past month [2][5][3]. Company Performance - Terex's Q4 2025 bookings increased by 32% year-over-year on a pro forma basis, reaching $1.90 billion, with a book-to-bill ratio of 145% [2][10]. - The company reported Q4 2025 revenue of $1.318 billion, which exceeded estimates, although adjusted EPS of $1.12 slightly missed the consensus of $1.13 [10]. - For 2026, management has guided net sales between $7.5 billion and $8.1 billion, with adjusted EPS projected at $4.50 to $5.00 [11]. Strategic Developments - The recent portfolio transformation, including the merger with REV Group, has reduced Terex's cyclical exposure and added a new segment, Specialty Vehicles, contributing an estimated $2.2 billion in baseline revenue [2][9]. - Management anticipates realizing $28 million in synergies from the REV merger in 2026, with a target of achieving a $75 million annual run-rate within two years [9]. Market Sentiment - Barclays' reinstatement of coverage suggests that the recent selloff in Terex shares is viewed as a buying opportunity, supported by the company's diversified portfolio and stabilizing end markets [3][6]. - The broader analyst community remains positive, with a consensus average price target of $72.90 across 12 brokerages, indicating significant upside potential [11].