Bucyrus International (BUCY) Falls 3% Despite Baird Upgrade

Bucyrus International, Inc.

shares finished Monday trading down 3.38% at $53.15 per share, despite being upgraded by Robert W. Baird & Co. to a rating of Outperform with a price target of $83 per share. Bucyrus International, Inc. opened Monday morning at $56.28 per share, then lost its early gains shortly after the market opened and fell further later in the morning, trading between $51.69 and $57.10 per share. Volume of about 5.4 million shares was nearly 1.7 times the daily average volume of 3.2 million shares. Bucyrus International, Inc. has a 52 week trading range of $22.43 to $74.16 per share and a market capitalization of $4.3 billion.