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Fly News Breaks for February 5, 2018
HAYN
Feb 5, 2018 | 06:41 EDT
JPMorgan analyst Michael Gambardella upgraded Haynes International to Overweight and raised his price target for the shares to $51 from $35.50. Better activity levels in specialty application projects and market acceptance of higher pricing could be early signs of growing customer demand and stronger pricing ahead, Gambardella tells investors in a research note. He believes Haynes is at a positive inflection point in its earnings growth.
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