Terex Corp

TEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$74.58	Nmry	Mtrnfrv

Terex Earnings: Solid Third-Quarter Performance Leads Management to Slightly Raise 2023 Guidance

Dawit Woldemariam

Oct 27, 2023

We raised our fair value estimate to $54 from $51, following third-quarter earnings. Our stronger 2023 sales outlook and tweaks to our long-term sales and margin forecast, in addition to the time value of money, all contributed to our fair value estimate increase.

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