Joy Global +6.7% on takeover talk, demand forecast

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

Joy Global (JOY +6.7%) shares hit new 52-week highs, apparently on speculation that the world's leading maker of underground mining equipment is a takeover target.

Joy also may be gaining on a forecast from air compressor maker Atlas Copco (OTCPK:ATLKY, OTCPK:ATLCF) for improved demand in the coming months as investment in mining equipment stabilizes.