Noble Capital analyst Mark Reichman downgraded Haynes to Market Perform from Outperform after the company agreed to be acquired in an all-cash transaction by Acerinox’s wholly owned U.S. subsidiary, North American Stainless, for $61 per share. The shares are trading close to the proposed transaction price, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HAYN:
- Haynes International Announces Merger Agreement Cautions
- Haynes International Merges with North American Stainless
- Haynes International Announces Quarterly Cash Dividend
- Bad News for Haynes International Stock: This New Risk Has Been Added
- Haynes International, Inc. Reports First Quarter Fiscal 2024 Financial Results
