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Why Terex Stock Crashed 10% This Morning

TheMotleyFool 
0 0 18.10.23
Why Terex Stock Crashed 10% This MorningPhoto, wide shot, wide-angle lens, Aerospace components, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/3938f51e-9b01-45a9-aed1-ff9d047063fc.png
 

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.  

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Source Fool.com

Terex Corp. Stock

€59.00
2.610%
Terex Corp. gained 2.610% today.
Terex Corp. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 68 € there is a slightly positive potential of 15.25% for Terex Corp. compared to the current price of 59.0 €.
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