Story updated at 9:55 a.m. to reflect market activity.
Shares of Terex fell 1.1% to $34.66 in morning trading.
The analyst firm also reduced its EPS estimates for the farm and construction machinery company through 2016. Credit Suisse expects Terex to reports earnings of $2.40 a share for 2014, down from its previous estimate of $2.55 a share for the year. The firm expects earnings of $3.35 a share for 2015, down from $3.60 a share, and $4.00 a share for 2016, down from $4.80 a share.
"Outside of AWP, which remains very strong, most of the other businesses are taking longer to recover, although are not worsening," analyst J. Cook wrote. "As a result, we believe TEX will place even greater focus on cost opportunities within their control to drive EPS growth and cash flow improvement."
Separately, 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 revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."