NYSE:TEXMachinery
Terex (TEX): Evaluating Valuation After Improved Credit Terms and Bullish Growth Forecasts
Terex (TEX) grabbed the spotlight this week after it clinched improved credit terms with its lenders, trimming the cost of both its term and revolving loans. This results in lower interest expenses going forward. Combined with expectations that earnings could double in the next few years, this development has drawn attention from investors who are considering whether the market is overlooking something. The company’s refinancing comes at a time when analysts note that recent results and...