UPDATE: Morgan Stanley Initiates Coverage on Joy Global After Catalysts Taken Off Table
September 05, 2013 at 09:15 AM EDT
In a report published Thursday, Morgan Stanley analyst Nicole DeBlase initiated coverage on Joy Global (NYSE: JOY ) with an Equal-Weight rating and $47.00 price target. In the report, Morgan Stanley noted, “Returning more cash to shareholders is the right strategy, but this catalyst has been taken off the table
