Why Terex Stock Crashed 10% This Morning
Terex (NYSE: TEX) stock tumbled 10.3% through 9:50 a.m. ET on Wednesday morning after the manufacturer of aerial work platforms and telehandlers announced that its CEO, John Garrison, will retire from the company on Jan. 1, 2024.
Adding to investor worries, Terex issued new guidance that, while better than the previous guidance, was still not as great as what Wall Street was predicting.
Let's start with the CEO news. Garrison is out, and Simon Meester, currently Terex's president of aerial work platforms, is in as the new CEO effective New Year's Day 2024.
Source Fool.com
Terex Corp. Aktie
57,50 €
-3,36 %
Und die Aktie ist derzeit mit 12 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung ein Geheimtipp unserer Community.
Das Kursziel von 68 € für Terex Corp. weist auf eine leichte Verbesserung gegenüber dem aktuellen Kurs von 57.5 € hin.
