Bank of America/Merrill Lynch upgraded Joy Global Inc. (NYSE:JOY) to “buy” from “neutral” and set a $70 price target. The firm believes the company should see positive aftermarket growth and return free cash flow to investors. Joy Global Inc. (NYSE:JOY) net profit margin is 9.40% and weekly performance is 12.57%. On last trading day company shares ended up $64.11. Analysts mean target price for the company is $62.02. Joy Global Inc. (NYSE:JOY) distance from 50-day simple moving average (SMA50) is 8.43%.
On May 28, Nortek Inc (NASDAQ:NTK) announced a major upgrade of its award-winning ELAN® Control Platform for residential and commercial markets. This new Linux-based platform delivers better performance, easier installation, broader device compatibility, and greater scalability. The ELAN Control Platform provides a foundation for Core Brands’ highly competitive connected home ecosystem and continues to build its single source solution for customers in its dealer network. Nortek Inc (NASDAQ:NTK) shares advanced 3.21% in last trading session and ended the day on $89.11. NTK Gross Margin is 29.20% and its return on assets is -0.10%. Nortek Inc (NASDAQ:NTK) quarterly performance is 22.40%.
On May 15, Twin Disc, Incorporated (NASDAQ:TWIN), received a letter on May 14, 2014 from the Nasdaq Stock Market LLC (“Nasdaq”) notifying Twin Disc that it was not in compliance with Nasdaq Rule 5250(c)(1) related to the filing of periodic financial reports with the Securities and Exchange Commission (“SEC”). The issuance of the letter is based upon Twin Disc not filing its Quarterly Report on Form 10-Q for the quarter ended March 28, 2014 on or before the due date of May 7, 2014. Twin Disc, Incorporated (NASDAQ:TWIN) shares was closed at $33.58, while trading in range of $33.29 – $34.34. Twin Disc, Incorporated (NASDAQ:TWIN) year to date (YTD) performance is 30.66%.
Cummins Inc. (NYSE:CMI) announced that it is ranked #52 among the 500 largest public companies in the United States in Newsweek’s 2014 Green Rankings of businesses and #86 among the largest public companies in the world. In both cases, Cummins ranks far ahead of industry peers. Cummins Inc. (NYSE:CMI) ended the last trading day at $159.06. Company weekly volatility is calculated as 1.57% and price to cash ratio as 12.68. Cummins Inc. (NYSE:CMI) showed a positive weekly performance of 4.01%.
On May 28, Calgon Carbon Corporation (NYSE:CCC) released its inaugural Sustainability Report, “Pure Water. Clean Air. Better World.” The report highlights the various environmental stewardship and social responsibility initiatives the company advanced in 2013 and establishes benchmarks and baseline metrics for ongoing, long-term sustainability goals. Calgon Carbon is a global leader in innovative solutions, high quality products and services designed to protect human health and the environment from harmful contaminants in water, and air. As a leading manufacturer of activated carbon, with broad capabilities in ultraviolet light disinfection, Calgon Carbon provides purification solutions for drinking water, wastewater, pollution abatement, and a variety of industrial and commercial manufacturing processes. Calgon Carbon Corporation (NYSE:CCC) shares moved up 1.24% in last trading session and was closed at $22.86, while trading in range of $22.65 – $22.92. Calgon Carbon Corporation (NYSE:CCC) year to date (YTD) performance is 11.13%.