Baird is out defending Joy Global (JOY -3.8%) this morning, saying that earnings are at an...


Baird is out defending Joy Global (JOY -3.8%) this morning, saying that earnings are at an "inflection point" and poised for a recovery. Its outlook for H2 is looking better, and SGA reductions, vertical integration of its automotive division, and a reversal of weather efficiencies will help boost performance into the next year. The firm reiterates its Outperform rating on the shares.

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