Joy Global Inc. (JOY) downgraded to Hold 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.
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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.
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