Joy Global Downgraded by Robert W. Baird to “Neutral” (JOYG)
Joy Global (NASDAQ:JOYG) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG cut their price target on shares of Joy Global (NASDAQ:JOYG) from $58.00 to $52.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock. Separately, analysts at BB&T Corp. downgraded shares of Joy Global (NASDAQ:JOYG) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 30th. Finally, analysts at Jefferies Group cut their price target on shares of Joy Global (NASDAQ:JOYG) from $60.00 to $47.00 in a research note to investors on Thursday, August 29th. They now have a “hold” rating on the stock.
Eight research analysts have rated the stock with a hold rating, Joy Global has a consensus rating of “Hold” and a consensus price target of $53.42.
Joy Global Inc is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores.
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