Market Overview

UPDATE: Morgan Stanley Reiterates on Joy Global to Reflect A/M Order Stability

Related JOY
Midday Gainers From September 17 - Auxilium Pharmaceuticals, Inc., Steel Dynamics, Inc. And More
Events for the Week of Sept. 15-19th

In a report published Tuesday, Morgan Stanley analyst Nicole DeBlase reiterated an Equal-Weight rating on Joy Global (NYSE: JOY), and raised the price target from $54.00 to $58.00.

In the report, Morgan Stanley noted, “The highlight of JOY's F1Q14 results was a return to positive Y/Y growth in Service orders, for the first time since 2012; this trumped 1Q margin weakness. We tweak our FY14e up by 8% to $3.31, but still see minimal EPS growth potential in 2015e. With limited upside to our new $58 PT, reiterate EW.”

Joy Global closed on Monday at $55.43.

Latest Ratings for JOY

DateFirmActionFromTo
Oct 2014BarclaysMaintainsEqual-weight
Oct 2014Bank of America
Jun 2014JP MorganMaintainsNeutral

View More Analyst Ratings for JOY
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nicole DeblaseAnalyst Color Price Target Analyst Ratings

 

Related Articles (JOY)

Around the Web, We're Loving...

Get Benzinga's Newsletters