Stifel Nicolaus Downgrades Terex Corporation (TEX) After Earnings

NEW YORK (TheStreet) -- Stifel Nicolaus downgraded Terex Corporation  (TEX) to "hold" from "buy" on Thursday, citing weak 2014 guidance as reason for the ratings revision.

On Wednesday, the Westport, Conn.-based business forecast 2014 earnings between $2.50 and $2.80 a share. Analysts surveyed by Thomson Reuters had expected earnings of $2.91 a share. 

Also See: Terex Corporation Posts Fourth Quarter

TheStreet Ratings team rates TEREX CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TEREX CORP (TEX) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

More from Markets

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins