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HAYN

Haynes

$43.27

-0.3 (-0.69%)

16:22
12/01/16
12/01
16:22
12/01/16
16:22

Haynes International announce development of HAYNES 233 alloy

Haynes International is pleased to announce the development of HAYNES(R) 233(TM) alloy. This alloy is expected to have excellent oxidation resistance coupled with superior creep strength at temperatures up to 2100 degrees F (or higher) - a combination of properties never before achieved in a readily fabricated alloy. The alloy achieves its exceptional oxidation resistance through the formation of a protective alumina layer, while the high creep strength is a result of solid-solution and carbide strengthening. Additionally, for use in intermediate temperature applications the alloy can be age-hardened by heat treatment to produce even greater strength. Finally, the alloy can be readily fabricated exhibiting very good hot workability, cold formability and weldability. Potential uses include applications in the aerospace and industrial gas turbine, industrial heating, and emerging technology markets. Material is expected to be available for trial evaluation as manufacturing progresses. Planned product forms include sheet, plate, billet, bar, wire, pipe, and tube.

HAYN Haynes
$43.27

-0.3 (-0.69%)

11/16/16
JPMS
11/16/16
DOWNGRADE
Target $39
JPMS
Neutral
Haynes downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Gambardella downgraded Haynes International to Neutral citing the recent rally in the shares and his lowered earnings estimates due to weaker aerospace demand. Haynes has little exposure to infrastructure demand and is more exposed to aerospace, Gambardella tells investors in a research note. He says that while Steel stocks are up 20% on average following the Trump election victory, "not all steel stocks have the same positive exposure to a Trump administration." The analyst lowered his price target for Haynes shares to $39 from $47.

TODAY'S FREE FLY STORIES

LULU

lululemon

$57.24

0.12 (0.21%)

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ABT

Abbott

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, ALR

Alere

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$NYE

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$NSD

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JPMorgan life sciences analyst holds an analyst/industry conference call »

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ALR

Alere

$39.70

-0.1601 (-0.40%)

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IWM

iShares Trust Russell 2000 Index Fund

$134.66

0.07 (0.05%)

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IDCC

InterDigital

$82.40

1.05 (1.29%)

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Downgrade
InterDigital rating change  »

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HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

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JPMorgan metals, mining & steel analysts hold analyst/industry conference call »

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AVT

Avnet

$47.09

0.4 (0.86%)

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SPGI

S&P Global

$113.07

-0.5 (-0.44%)

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MT

ArcelorMittal

$8.49

0.145 (1.74%)

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10:55
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The SEC to hold a committee meeting »

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XRX

Xerox

$9.73

0.43 (4.62%)

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WDC

Western Digital

$63.85

1.76 (2.83%)

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Micron

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CAVM

Cavium

$61.47

4.41 (7.73%)

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ARI

Apollo Commercial

$17.61

0.1 (0.57%)

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  • 08

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FTNT

Fortinet

$29.93

-0.29 (-0.96%)

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  • 12

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MAR

Marriott

$82.08

1.08 (1.33%)

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AI

Arlington Asset Investment

$16.57

-0.02 (-0.12%)

10:48
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Conference/Events
Arlington Asset Investment management to meet with JMP Securities »

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  • 08

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