Wednesday, September 29, 2010

Bucyrus (Nasdaq:BUCY), Joy Global (Nasdaq:JOYG) Price Targets Raised by Jefferies

Bucyrus International Inc. (Nasdaq:BUCY) and Joy Global, Inc. (Nasdaq:JOYG) had the price target on them raised by Jefferies visiting and investigating their facilities in Wisconsin, and meeting with management.

The price target on Bucyrus, which Jefferies has at a "Buy," was raised from $70 to $80. Bucyrus closed at $71.37, down $0.23, or 0.32 percent.

Joy Global, Inc. had their price target raised from $65 to $74, and have a "Hold" on them by Jefferies. Joy closed Tuesday at $70.71, down $0.10, or 0.14 percent.

Other Wisconsin companies didn't fare quite so well with Jefferies, and they maintained their price target on Regal Beloit Corporation (NYSE:RBC) at $64, and lowered Oshkosh Corporation's (NYSE:OSK) price target from $36 to $30. Both the companies have a "Hold" on them.

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