Barclays Maintains an 'Overweight' on Joy Global (JOYG); Q2 Preview
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Price: $89.65 --0%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 6 | New: 5
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 6 | New: 5
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Barclays maintains an 'Overweight' on Joy Global (NASDAQ: JOYG) price target of $96.00.
Analyst, Andy Kaplowitz, said, "While we think JOY management is likely to strike a cautious tone on its upcoming F2Q12 earnings call, we think much of the downside from a weaker U.S. coal environment and likely slower global mining capex trends beyond 2012 are reflected in JOY's current stock price."
Kaplowitz sees the company/stock getting back on track, sensing the company will maintain FY EPS guidance of $7.40-7.80. Also, strong backlog and exposure to aftermarket products will limit downside risk to earnings. On the upside, recent acquisitions could help benefit quarterly or annual earnings.
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.
Analyst, Andy Kaplowitz, said, "While we think JOY management is likely to strike a cautious tone on its upcoming F2Q12 earnings call, we think much of the downside from a weaker U.S. coal environment and likely slower global mining capex trends beyond 2012 are reflected in JOY's current stock price."
Kaplowitz sees the company/stock getting back on track, sensing the company will maintain FY EPS guidance of $7.40-7.80. Also, strong backlog and exposure to aftermarket products will limit downside risk to earnings. On the upside, recent acquisitions could help benefit quarterly or annual earnings.
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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