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News Breaks | | | | January 24, 2013 | | 07:48 EDT |  | JOY, CAT | Joy Global concerns of China write-down overblown, says Piper Jaffray
Piper Jaffray believe investors are concerned that Joy Global (JOY) will be forced to write down its investment in its Chinese subsidiary IMM after Caterpillar (CAT) announced a write-down of its Chinese subsidiary Siwei. Piper says that while it can't rule out a write-down for Joy Global, it believes the concerns are overblown. The firm reiterates an Overweight rating on Joy Global with an $84 price target. | |
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News For JOY;CAT From The Last 14 Days Check below for free stories on JOY;CAT the last two weeks. |
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| May 17, 2013 | | 05:21 EDT |  | CAT | Caterpillar, Mining Machinery resolve all outstanding issues
 Subscribe for More Information | | | May 16, 2013 | | 19:01 EDT | | CAT | Caterpillar and Mining Machinery Limited announce settlement agreement
Subscribe for More Information | | | May 10, 2013 | | 06:30 EDT |  | CAT | Caterpillar, Milwaukee workers' union talks suspended, Reuters says
Subscribe for More Information | | | May 8, 2013 | | 11:43 EDT | | CAT | Caterpillar sees some 'encouraging signs' in China business
Subscribe for More Information | | | May 7, 2013 | | 18:58 EDT | | CAT | Caterpillar set to resume talks with union, WSJ says
Subscribe for More Information | | | May 6, 2013 | | 11:19 EDT | | CAT | Caterpillar shares may offer good entry point, Barron's says
Shares of Caterpillar seem to be pricing in a lot of bad news and current levels could prove to be a good entry point for longer term investors, Barron's said over the weekend in its The Trader column.Reference Link | |
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