Friday, October 16, 2015

Time To Buy Deere $DE, Joy Global $JOY And Other Machinery Stocks?

  • Avondale Partners recently initiated coverage on machinery stocks.
  • The firm gave Deere & Company DE , Joy Global Inc. JOY  and Titan International Inc TWI  Outperform ratings.
  • For Crane Co. CR , the experts issued a Market Perform rating, alleging the company is “not out of the storm yet.”
  • Avondale recently initiated coverage on four companies within the machinery sector. Below is a closer look at what the firm had to say.

    Joy Global

    On top of a Market Outperform rating, the analysts issued a six- to 12-month price target of $36 for Joy Global. They noted that this quarter the shares have hit the firm’s key liquidation, capitulation and valuation criteria. This has led them to take an incrementally positive stance on the name. (more)

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