FBR Capital Starts Horsehead Holding (ZINC) at Outperform

FBR Capital initiates coverage on Horsehead Holding (NASDAQ: ZINC) with a Outperform rating and a price target of $12.00.

Analyst Lucas Pipes commented, "We believe that ZINC investors can look forward to two distinct catalysts over the next 12 months. First, we expect the company to deliver an operational turnaround at Mooresboro. Second, zinc is one of our favorite commodities at this time, primarily due to expected supply reductions despite continued growth in end-user demand."

For an analyst ratings summary and ratings history on Horsehead Holding click here. For more ratings news on Horsehead Holding click here.

Shares of Horsehead Holding closed at $6.00 yesterday.

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