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Terex (TEX) Down 5.4% Since Earnings Report: Can It Rebound?

2017-03-29 zacks
A month has gone by since the last earnings report for Terex Corporation (TEX - Free Report) . Shares have lost about 5.4% in that time frame, underperforming the market.

Terex To Divest India-based Compact Construction Business

2017-03-28 zacks
Terex Corporation (TEX - Free Report) has agreed to sell its India-based compact construction business, Terex Equipment Private Limited to Manitou. This marks an important step in execution of Terex’s strategy to focus its portfolio on those products which have significant presence in the market and has the potential to provide greatest returns for shareholders. Terex Equipment Private Limited manufactures and sells backhoe loaders, engages in the sale of wheel loaders and contract manufactures along with selling skid steer loaders.