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Investment analysts at Robert W. Baird lifted their price target on shares of Joy Global (NASDAQ:JOYG) from $55.00 to $57.00 in a note issued to investors on Tuesday, reports. Robert W. Baird’s price target would indicate a potential downside of 36.42% from the company’s current price.

JOYG has been the subject of a number of other recent research reports. Analysts at Bank of America initiated coverage on shares of Joy Global in a research note on Thursday, January 23rd. They set a “neutral” rating on the stock. Analysts at Goldman Sachs downgraded shares of Joy Global to a “sell” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.71.

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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