2024-07-09 02:47:55 ET
Summary
- The company's topline growth moderated in Q1 2024 after delivering strong double-digit growth in 2023.
- Despite near-term headwinds in Europe, strong backlog and favorable demand in North America should drive sales growth for Terex Corporation in 2024.
- Volume growth should support margin in the coming quarters, leading to bottom-line growth.
- The stock is attractively valued at the moment, making it a decent buy, considering promising long-term prospects.
The Thesis
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Terex Corporation: Current Valuation Does Not Justify This Amazing Company