UPDATE: Raymond James Reiterated Joy Global at Market Perform, President and CEO Announced Plans to Retire

In a report published by Raymond James, analyst Theoni Pilarinos maintained his Market Perform rating on Joy Global. Raymond James reported that, “Replacing Mr. Doheny is Randal W. Baker (49), currently President and COO of the Surface Mining Equipment division. He will take on a newly created position of Corporate COO. In this role, Mr. Baker will oversee both the Surface Mining Equipment and the Underground Mining Equipment divisions. Mr. Baker has served as EVP of Joy and as President and COO of the Surface Mining Equipment division since 2009. His previous experience includes acting as President and CEO of Case IH Agriculture Inc., and VP and General Manager of Komatsu Mining Systems.” Shares of Joy Global closed at $61.54 on Thursday.