January 9, 2014 8:09 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, Credit Suisse analyst Ross Cowley initiated coverage on
Haynes International (NASDAQ: HAYN) at Neutral, with a $56.00 price target.According to the report, HAYN's niche position in the nickel-based super-alloy market offers leverage to the well known aerospace up-cycle (41% of sales). “HAYN is one of the only non-integrated mill producers of nickel-based super-alloys, which may provide M&A optionality given its smaller relative size,” the report said. “However, leading indicators for a recovery remain weak and consensus may still be too high. Internal investments should drive margin improvement in FY'15, but a robust topline recovery is needed as well. Peers are adding new capacity, which will intensify competitive pressures, potentially limiting upside in volumes and pricing.”The report further asserted that the $56.00 target price is 19 times the analysts FY'15 EPS forecast and is based on an equally weighted average of historical price-to-earnings, relative price-to-earnings, EV/EBITDA, and a long-term EPS scenario to capture the benefit of operating leverage as volumes return. HAYN closed Wednesday at $52.70.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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