Goldman Sachs Lifts Price Target on Joy Global (JOYG) Ahead of Q4 Results
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Price: $89.65 --0%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs raised its price target on Buy-rated Joy Global (NASDAQ: JOYG) from $98 to $106 ahead of Q4 results.
The firm sees 6% upside to the Q4 consensus and sees initial 2012 EPS guidance of $7.15-$7.70, which is 3% above the consensus. They also expect the outlook to point to strong aftermarket demand. 2012 Mining capex budgets should continue to point to 15%-plus growth.
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 $89.65 yesterday.
The firm sees 6% upside to the Q4 consensus and sees initial 2012 EPS guidance of $7.15-$7.70, which is 3% above the consensus. They also expect the outlook to point to strong aftermarket demand. 2012 Mining capex budgets should continue to point to 15%-plus growth.
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 $89.65 yesterday.
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