Canaccord Genuity Reiterates a 'Buy' on Horsehead Holding (ZINC); Data Points Indicate Improving Trends
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Price: $26.58 -0.37%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Horsehead Holding (NASDAQ: ZINC), PT $20.
Canaccord analyst, Eric Prouty, said, "Recent industry data points, including results and commentary from steel galvanizer AZZ Inc (NYSE: AZZ) point to an improving market for Horsehead...We view this positively as AZZ is both a supplier and customer of Horsehead’s. (Horsehead buys zinc secondary material from AZZ as a feedstock source to produce zinc metal and value-added zinc products and also sells refined zinc metal to AZZ for use in the hot-dip galvanizing process.)"
For more ratings news on Horsehead Holding click here and for the rating history of Horsehead Holding click here.
Shares of Horsehead Holding closed at $13.32 yesterday.
Canaccord analyst, Eric Prouty, said, "Recent industry data points, including results and commentary from steel galvanizer AZZ Inc (NYSE: AZZ) point to an improving market for Horsehead...We view this positively as AZZ is both a supplier and customer of Horsehead’s. (Horsehead buys zinc secondary material from AZZ as a feedstock source to produce zinc metal and value-added zinc products and also sells refined zinc metal to AZZ for use in the hot-dip galvanizing process.)"
For more ratings news on Horsehead Holding click here and for the rating history of Horsehead Holding click here.
Shares of Horsehead Holding closed at $13.32 yesterday.
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