Haynes initiated with an Outperform at Noble Capital

Noble Capital analyst Mark Reichman initiated coverage of Haynes with an Outperform rating and $65 price target. Haynes, one of "the world’s largest" developers, producers, and distributors of advanced high-performance nickel- and cobalt-based alloys, has a track record of innovation as well as unique competitive advantages that include high-value products and services, niche-oriented manufacturing capabilities, intellectual property, and "a superb management team," the firm tells investors.