The company has been battered a bit by the global tides and has downgraded its outlook of the future of mining investment – not that it is Robinson Crusoe there.

Then there was the talk of the GE takeover. There has been no news on that front, but it is not something that can entirely be ruled out.

The mining equipment maker has offerings for the surface and underground markets.

BMO Capital Markets has upgraded its view of Joy shares from an underperform rating to a market perform rating. It has upped its price target on the stock to $64, up from $49.

Zacks analysts were disappointed with Joy Global’s third quarter results because they lagged their estimates.

However, it has reaffirmed its neutral rating on the Joy stock. It has a $58 price target on the shares.

With news out of China that it is expecting to ramp up its commodity demand next year, Joy could be one to watch.