Wall Street continues to show its love for Bucyrus International.
Bullish reports from a pair of stock market analysts on Monday drove shares of the South Milwaukee mining equipment company higher less than two weeks after Bucyrus announced it was acquiring the mining division of Terex Corporation.
From the story on TheStreet.com:
Morgan Stanley’s Robert Wertheimer moved his rating on Bucyrus shares to outperform from not-rated. The company’s recent $1.3 billion acquisition of Terex’s mining machinery unit, to which investors had responded favorably, “has been underappreciated by the market, even given the 15% rise in the stock,” Wertheimer wrote in a note to clients.
You can view the full story here. And check out this one from ABC News.
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