Jul. 16, 2014, 12:22 PM
- 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.
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity, through innovative products and services.
Sector: Industrial Goods
Industry: Industrial Equipment & Components
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