Reliance Steel (RS) Misses Q4 EPS by 5c; Issues Light Q1 EPS Outlook

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KeyBanc Upgrades Reliance Steel & Aluminum (RS) to Buy

February 20, 2015 7:08 AM EST

KeyBanc upgraded Reliance Steel & Aluminum (NYSE: RS) from Hold to Buy with a price target of $66.00. Analyst Philip Gibbs thinks margins are near a bottomed.

"Our upgrade is based on our view of attractive deep valuation metrics, our belief 1H15 will be... More