Barclays Tweaks Numbers on Joy Global (JOY); Dip Presents Opportunity

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Barclays maintains an 'Overweight' on Joy Global (NYSE: JOY) price target lowered from $96 to $88.

Analyst, Andy Kaplowitz, said, "JOY reported FY2Q12 results which, despite strong operational results, included a more cautious tone from management (including lowered FY12 guidance) and should result in more realistic expectations going forward."

FY12 EPS estimate lowered from $7.45 to $7.20 and FY13 from $8.00 to $7.30.

For an analyst ratings summary and ratings history on Joy Global click here. For more ratings news on Joy Global click here.

Shares of Joy Global closed at $55.86 yesterday, with a 52 week range of $53.26-$96.00.

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