Joy Global: ‘Still Significant Risks to the Downside,’ JPMorgan Says

JPMorgan’s Ann Duignan and Michael Conlon are increasingly worried about Joy Global (JOY): Carla Gottgens/Bloomberg News JOY will report earnings next Thursday (9/4) before the market opens…Ahead of this, we have analyzed the mining cycle relative to past cycles and in particular the relationship between mining capex and JOY’s revenue and EPS. The relationship between [...]