UPDATE: JP Morgan Raises PT on Haynes International To $66

JP Morgan has published a research report on Haynes International HAYN and has raised the price target from $59 to $66. In the report, JP Morgan writes, "We expect Haynes' specialty metal niche should provide a degree of stability amidst the current economic turmoil as key end markets exhibit either robust cyclical demand (aerospace) or encouraging signs of recovery (chemical processing and land-based gas turbines)." JP Morgan maintains its Neutral rating on Haynes International, which closed Friday at $57.50.