joy global

Sterne Agee is out with its report today on Joy Global (NASDAQ: JOYG), raising its PT to $98. In a note to clients, Sterne Agee writes, "Our $98 target is based on our updated FY12E estimate of $6.20 (up from $6.00) and assumes shares trade at 15.8X earnings. Our 2011E estimate increases to $5.30...

J.P. Morgan is raising its Joy Global (NASDAQ: JOYG) estimates, as well as its PT – from $63 to $87 – but maintains its Neutral rating. “We are raising our FY'11 EPS to $5.18 (from $4.65), and introducing our FY'12 EPS estimate of $6.01,” J.P. Morgan writes. “We maintain our Neutral rating on JOYG...

Longbow has downgraded Joy Global (NASDAQ: JOYG) from Buy to Neutral.