Goldman Sachs Upgrades Reliance Steel & Aluminum (RS) to Buy
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Price: $387.89 +1.99%
Rating Summary:
4 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Reliance Steel & Aluminum (NYSE: RS) from Neutral to Buy with a price target of $52 (down from $60), suggesting 28% upside.
The firm prefers service center stocks over mill stocks in the current steel price environment. "We think they should be able to earn the spread per ton even at low but stable steel price."
For more ratings news on Reliance Steel & Aluminum click here and for the rating history of Reliance Steel & Aluminum click here.
Shares of Reliance Steel & Aluminum closed at $40.96 yesterday.
The firm prefers service center stocks over mill stocks in the current steel price environment. "We think they should be able to earn the spread per ton even at low but stable steel price."
For more ratings news on Reliance Steel & Aluminum click here and for the rating history of Reliance Steel & Aluminum click here.
Shares of Reliance Steel & Aluminum closed at $40.96 yesterday.
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