UPDATE: Topeka Capital Markets Downgrades Haynes International as Unfavorable Nickel Contract is Expected to Compound Headwinds

In a report published Friday, Topeka Capital Markets analyst Daniel Whalen downgraded the rating on Haynes International (NASDAQ: HAYN ) from Buy to Hold, and lowered the price target from $61.00 to $51.00. In the report, Topeka Capital Markets noted, “HAYN reported fiscal 4Q13 EPS results of $0.32 in-line with