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Joy Global Inc. (JOY) [hlAlert]

Rating:
Hold JOY

Joy Global Inc. (JOY) downgraded to Hold by BB&T Capital Mkts

Posted on: Friday,  Aug 30, 2013  11:25 AM ET by BB&T Capital Mkts

BB&T Capital Mkts rated Hold Joy Global Inc. (NYSE: JOY) on 08/30/2013. Previously BB&T Capital Mkts rated Buy
Joy Global Inc. (NYSE: JOY) on 02/17/2010., when the stock price was $51.61. Since then, Joy Global Inc. has lost 5.12% of its value until BB&T Capital Mkts rated JOY Underweight on 08/30/2013, when the price was $48.97. .

Joy Global Inc. (Joy) is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The Company operates in three business segments: underground mining machinery (Joy Mining Machinery or Joy), surface mining equipment (P&H Mining Equipment or P&H) and continental crushing and conveying (CCS). In February 2008, the Company completed the acquisition of N.E.S. Investment Co. and its wholly owned subsidiary, Continental Global Group, Inc. (Continental), a global company engaged in conveyor systems for bulk material handling in mining and industrial applications.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2015 11:25 AM Sell
None
16.03
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -23.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/30/2013 11:25 AM Hold
None
48.97
2/17/2010 8:25 AM Buy
None
51.61 67.00

(*) Stock Price at the time of the recommendation.
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