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Joy Global, Inc. Message Board

  • febru3012 febru3012 Aug 28, 2013 9:00 PM Flag

    Barron's August 28th - Joy a sell $34 PT .......

    "With the limited visibility into the steepness of the downside trajectory, we pose this question to our readers: What multiple are you willing to put on these forward earnings?" says Axiom Capital analyst Gordon Johnson, who rates the stock a Sell. "8x? 9x? Let's go with 8.5x. This suggests a stock price of $34 a share, or 33.7% downside."

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