Jefferies Maintains Hold on Bucyrus International (BUCY)

Jefferies is out with its report today on Bucyrus International (NASDAQ: BUCY), maintaining Hold.

In a note to clients, Jefferies writes, "EPS miss on higher costs, orders remain strong. EPS of $0.69 was $0.46 below our estimate of $1.15 (consensus: $1.19). Lower sales, higher operating and R&D costs account for $0.41 of the variance; with a higher tax-rate making up the remainder. Orders in the quarter remain strong at $1.4B (above the $1.0B for 4 straight quarters), underscoring strength within the industry."

Jefferies has a $92 PT on BUCY.

At the time of posting, shares of BUCY were trading at $91.39, down 0.11% from Thursday's close.