Skip navigation

CNBC Stock Blog

RSS FEED

» Help

Current DateTime: 01:42:44 11 Nov 2009
LinksList Documentid: 30328029
This Mining Equipment Company is Still a 'Buy': Analyst
Published: Wednesday, 3 Jun 2009 | 2:41 PM ET
Text Size
By: JeeYeon Park
CNBC News Associate

Joy Global will face volatility in the short term but it is a buy-rated stock in the long term, said Charles Brady, analyst at BMO Capital Markets.

The mining equipment maker [JOYG  Loading...      ()   ] reported a 77 percent jump in its second-quarter earnings on Wednesday, but is still seeing slower order rates and cancellations.

“The expectation is that 2010 revenue will be down below the 2009 revenues, but that’s not an unexpected outcome,” Brady told CNBC. “We do see the stock moving higher over the next 12 to 18 months and long-term fundamentals are pretty solid.”

Disclosure:

BMO Capital Markets or its affiliates received compensation products or services other than investment banking services from JOYG in the past 12 months.

______________________________

______________________________
Joy Global's Competitors:

Caterpillar [CAT  Loading...      ()   ]

Bucyrus International [BUCY  Loading...      ()   ]

CNH Global [CHN  Loading...      ()   ]

______________________________

Disclaimer

© 2009 CNBC.com
Add This share icon
Text Size
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:40:19 11 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:01:49 11 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:01:49 11 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:49 11 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters