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Fly News Breaks for May 2, 2016
JOY
May 2, 2016 | 06:59 EDT
Avondale removed Joy Global from the Conviction Buy List as shares have neared its $25 price target. The firm said shares already reflect signs of stabilization in the company's Services bookings that started to emerge in late 2015. Avondale maintains its Outperform rating as it sees further longer-term upside potential from an eventual recovery in mining, internal restructuring initiatives, and unique growth strategies.
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