Bucyrus Falling On Heavier Than Average Volume (BUCY)

Shares of Bucyrus International BUCY have fallen 2.88% today to $51.66. Volume has been heavier than average, with over 2.2 million shares trading hands, with more than three hours left in the market day. Morgan Stanley MS lowered estimates and their price target for the stock this morning. The new price target on the shares is $77, which still implies significant upside from current levels. Morgan Stanley reiterated their "Overweight" rating on BUCY. Bucyrus International, Inc. (BUCY) is a designer and manufacturer of safe and mining equipment for the extraction of coal, copper, oil sands, iron ore and other minerals in mining centers throughout the world. In addition to the manufacture of original equipment, Bucyrus also provides the aftermarket replacement parts and service for this equipment.