Terex reports cont ops EPS (28c), may not compare to consensus 40c Reports Q4 revenue $1.69B, consensus $1.83B. For Q4, loss from continuing operations was $30.7M, or 28c per share. Excluding the costs associated with debt repayment and certain other items in Q4, income from continuing operations as adjusted would have been $21.9M, or 19c per share.
Terex downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill downgraded Terex to Underperform based on Crane underperformance and peaking AWP margins. Price target lowered to $30 from $37.