Joy Global (JOY -3.3%) slides today, making it one of the worst laggards in the S&P 500...

|About: Joy Global Inc. (JOY)|By:, SA News Editor

Joy Global (JOY -3.3%) slides today, making it one of the worst laggards in the S&P 500 after Barclay's cut the shares to EqualWeight and lowers its price target from $79 to $66. The bank says it's grown increasingly concerned about mining, and while JOY remains one of the higher-quality names in the space, mining-related austerity could be a more- prolonged headwind than previously thought.