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January 8, 2013
05:44 EDTJOYJoy Global upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray upgraded Joy Global on expectations coal demand in China will see a revival. Piper said it has increased confidence that FY13 will mark a trough in orders after meeting with Joy and two other companies in China's coal industry. The firm raised its price target for shares to $84 from $63.
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