BMO Capital Raises Bucyrus Price Target By 35%

By Benzinga Staff
October 26, 2009 8:19 AM

Symbols: BUCY

Posted in: Analyst Color, Long Ideas, Price Target, Pre-Market Outlook, Analyst Ratings, Trading Ideas

BMO Capital raises its price target on Bucyrus (Nasdaq: BUCY) from $42 to $65. Bucyrus closed up 13.71% on Friday to $48.36 after it raised its full-year 2009 guidance. BMO Capital's price target is a 35% premium to what Bucyrus closed at on Friday.

BMO Capital reiterates an Outperform rating on BUCY. Bucyrus is trading up slightly in the pre-market.

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BMO Capital Raises Bucyrus Price Target By 35%

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