Bucyrus (Nasdaq:BUCY) Retains "Overweight" from Barclays (NYSE:BCS)

Bucyrus International (Nasdaq:BUCY) had its "Overweight" rating from Barclays (NYSE:BCS) maintained on them, citing higher revenue and margins from business with Terex Mining (NYSE:TEX)

"We raise our BUCY price target to $80 given our increased revenue and margin assumptions for Terex Mining (NYSE:TEX). Following recent meetings with BUCY and Vale management in South America, we see revenue/operating margin upside from TEX vs. our previous assumptions. We now forecast 2011 pro-forma revenue growth of - 25 percent for TEX vs. our prior - 12 percent and operating margin of 14.7 percent vs. our prior 13.6 percent, which added $0.30 to our prior 2011 EPS estimate," said Barclays.

Bucyrus closed at $68.71, down $1.18, or 1.69 percent. Barclays has a price target $80 on Bucyrus, raising it from $75.