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USAP

Universal Stainless & Alloy

$15.26

0.16 (1.06%)

07:20
06/27/19
06/27
07:20
06/27/19
07:20

Universal Stainless & Alloy reports Ohio forge is back in full operation

Universal Stainless & Alloy Products reported that the radial forge at their North Jackson, OH facility was tested and resumed production activities as of Saturday June 22, 2019. The recent fire at the facility was contained to the forge machine and resulted in electrical and hydraulic associated damage. Repairs have been made and there is no impact to the product delivery schedules. As previously reported, there were no injuries associated with the fire and all other production units at the facility continued to operate. Chairman, President and CEO Dennis Oates commented: "We are very pleased that this incident was resolved quickly, and we are able to continue our forge production efforts. Our employees stepped up and completed the repairs in the most efficient manner while others continued to focus on production. I want to thank all of the employees at the North Jackson facility for their efforts and I also want to thank the outside suppliers that helped us at a moment's notice and worked around the clock to assist us in getting back into operation."

USAP Universal Stainless & Alloy
$15.26

0.16 (1.06%)

08/14/18
COWN
08/14/18
INITIATION
Target $33
COWN
Outperform
Universal Stainless & Alloy initiated with an Outperform at Cowen
Cowen analyst Lucy Guo initiated Universal Stainless & Alloy with an Outperform rating and $33 price target citing above peer revenue and earnings growth from favorable aerospace demand and stable/rising commodities. Guo sees upward revision potential for Universal Stainless & Alloy shares.
01/28/19
KEYB
01/28/19
UPGRADE
KEYB
Overweight
Universal Stainless upgraded to Overweight from Sector Weight at KeyBanc
01/28/19
01/28/19
UPGRADE
Target $25

Overweight
Universal Stainless & Alloy upgraded to Overweight at KeyBanc
As previously reported, KeyBanc analyst Philip Gibbs upgraded Universal Stainless & Alloy to Overweight from Sector Weight, with a $25 price target. Strong sales visibility, solid margin expansion opportunities, and valuation support compelling upside for micro-cap GARP investors, he contends. The analyst believes mid-term execution could support a share price of over $30.

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UAL

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