Bucyrus International Inc and Chesapeake Energy jump based on earnings forecasts

Shares of both Bucyrus International Inc. and Chesapeake Energy surged on Monday and continued to climb in afternoon trading on Tuesday. Barclays Capital raised its earnings forecasts and share price target for Bucyrus a mining equipment maker, citing a recent acquisition and improved customer demand. While Chesapeake Energy Corp. jumped after the natural gas producer raised its 2011 production outlook in conjunction with its sale of shale gas assets to France’s Total SA and expectations for outperformance. Shares of orthopedic implant maker Stryker Corp. rose following an upgrade from a BMO Capital Markets analyst, who raised her expectations for the company’s profits and stock.

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