Jefferies Upgrades Joy Global (JOYG) to Buy
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Price: $89.65 --0%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies upgraded Joy Global (NASDAQ: JOYG) from Hold to Buy with a price target of $100 (up from $95).
The firm comments, "We are upgrading shares of JOYG to Buy from Hold as valuation has pulled back significantly and the top-line outlook remains robust, in our view. JOYG has among the highest margins and returns in the machinery space and will be a key beneficiary of the re-capacitization of the mining sector."
For more ratings news on Joy Global click here and for the rating history of Joy Global click here.
Shares of Joy Global closed at $78.82 yesterday.
The firm comments, "We are upgrading shares of JOYG to Buy from Hold as valuation has pulled back significantly and the top-line outlook remains robust, in our view. JOYG has among the highest margins and returns in the machinery space and will be a key beneficiary of the re-capacitization of the mining sector."
For more ratings news on Joy Global click here and for the rating history of Joy Global click here.
Shares of Joy Global closed at $78.82 yesterday.
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