Terex (TEX) Stock Slips After Highlighting its 'Challenging Environment'

NEW YORK (TheStreet) -- Shares of Terex Corp   are slipping, sharply down by 6.68% to $26.25 on heavy volume in midday trading Thursday, after the company's presentation highlighted some negative aspects of its business at KeyBanc's Industrial, Automotive and Transportation Conference last night. Terex highlighted a "challenging environment" and noted "difficult end market demand," especially in its cranes and materials processing segments. It noted that crane product strength in the Middle Ea...