Terex (TEX) Reaches $42.46 After 6.00% Up Move; Last Week Phillips 66 Partners LP (PSXP) Coverage

February 20, 2018 - By Vivian Park

The stock of Terex Corporation (NYSE:TEX) is a huge mover today! The stock increased 3.49% or $1.43 during the last trading session, reaching $42.46. About 545,747 shares traded. Terex Corporation (NYSE:TEX) has risen 32.26% since February 20, 2017 and is uptrending. It has outperformed by 15.56% the S&P500.The move comes after 5 months positive chart setup for the $3.57 billion company. It was reported on Feb, 20 by Barchart.com. We have $45.01 PT which if reached, will make NYSE:TEX worth $214.26 million more.

Among 15 analysts covering Phillips 66 Partners (NYSE:PSXP), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Phillips 66 Partners had 49 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, February 25. The rating was maintained by Stifel Nicolaus on Thursday, June 22 with “Buy”. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Hold” rating given on Thursday, September 7 by Jefferies. As per Tuesday, July 18, the company rating was upgraded by Barclays Capital. Mizuho initiated it with “Buy” rating and $55 target in Friday, September 30 report. The company was upgraded on Monday, December 18 by Goldman Sachs. Morgan Stanley downgraded the stock to “Hold” rating in Thursday, January 11 report. The stock has “Buy” rating by RBC Capital Markets on Sunday, November 5. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 7 report. The firm has “Buy” rating given on Sunday, February 4 by Stifel Nicolaus. See Phillips 66 Partners LP (NYSE:PSXP) latest ratings:

05/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $59 New Target: $56 Maintain
04/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $62.0 Maintain
29/01/2018 Broker: Scotia Capital Rating: Buy New Target: $60.0 Maintain
17/01/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Old Target: $59 Downgrade
16/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $64.0 Maintain
11/01/2018 Broker: Morgan Stanley Rating: Hold Downgrade
05/01/2018 Broker: Credit Suisse Rating: Neutral New Target: $52 Initiates Coverage On
18/12/2017 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
17/11/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $56 New Target: $55 Maintain
05/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $63.0 Maintain

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation midstream assets. The company has market cap of $6.24 billion. It operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, and Montana; marine assets in Lake Charles and Wood River; and natural gas liquids assets in Texas and Louisiana. It has a 19.81 P/E ratio. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP.

The stock increased 2.10% or $1.055 during the last trading session, reaching $51.305. About 65,684 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 0.26% since February 20, 2017 and is downtrending. It has underperformed by 16.96% the S&P500.

Investors sentiment increased to 1.19 in 2017 Q3. Its up 0.19, from 1 in 2017Q2. It improved, as 15 investors sold Phillips 66 Partners LP shares while 38 reduced holdings. 16 funds opened positions while 47 raised stakes. 42.99 million shares or 2.08% more from 42.11 million shares in 2017Q2 were reported. Signature Fincl Management reported 5,500 shares stake. Chickasaw Cap Ltd Limited Liability Company reported 3.27% stake. Manufacturers Life The invested in 0% or 3,342 shares. American Century holds 0.04% or 770,376 shares. Oppenheimer Asset Incorporated reported 8,334 shares stake. State Street Corp holds 0% or 5,306 shares. The Pennsylvania-based Cbre Clarion Secs Limited Liability Corp has invested 0.04% in Phillips 66 Partners LP (NYSE:PSXP). Raymond James Advsr reported 88,430 shares. Fifth Third Fincl Bank holds 373 shares or 0% of its portfolio. Nebraska-based Walnut Private Equity Ptnrs Limited Liability Company has invested 0.03% in Phillips 66 Partners LP (NYSE:PSXP). Citigroup holds 0% or 95,898 shares. Massachusetts-based Cadence Capital Ltd Llc has invested 0.5% in Phillips 66 Partners LP (NYSE:PSXP). Cantab Cap Ptnrs Llp owns 8,206 shares for 0.06% of their portfolio. State Of New Jersey Common Pension Fund D holds 0.02% or 97,280 shares. 1,638 were reported by Rockefeller.

Terex Corporation manufactures and sells lifting and material processing products worldwide. The company has market cap of $3.57 billion. The firm operates through three divisions: Aerial Work Platforms , Cranes, and Materials Processing (MP). It has a 31.36 P/E ratio. The AWP segment designs, makes, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brand names.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.05, from 0.68 in 2017Q2. It turned negative, as 19 investors sold Terex Corporation shares while 115 reduced holdings. 43 funds opened positions while 42 raised stakes. 79.42 million shares or 6.42% less from 84.87 million shares in 2017Q2 were reported. Mirador Cap Prns Limited Partnership, a California-based fund reported 9,343 shares. Profund Ltd Company invested 0.02% in Terex Corporation (NYSE:TEX). Guggenheim Capital Limited Company has 0.01% invested in Terex Corporation (NYSE:TEX). Jacobs Levy Equity Mgmt Inc holds 273,440 shares. Stanley Limited Liability accumulated 131,324 shares. First Mercantile stated it has 0.13% in Terex Corporation (NYSE:TEX). Winslow Evans And Crocker accumulated 0.01% or 360 shares. Pzena Investment Mgmt Ltd Liability Co reported 4.52 million shares stake. Legal And General Group Inc Public Limited Company reported 0.01% in Terex Corporation (NYSE:TEX). Panagora Asset Mngmt owns 0% invested in Terex Corporation (NYSE:TEX) for 9,074 shares. Liberty Cap reported 0.76% in Terex Corporation (NYSE:TEX). Texas Permanent School Fund invested 0.04% in Terex Corporation (NYSE:TEX). Jpmorgan Chase, a New York-based fund reported 2.24M shares. Rafferty Asset Mngmt Limited Co owns 19,796 shares or 0.02% of their US portfolio. Bessemer Grp reported 30 shares.

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By1 Vivian Park

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