Ryerson Inc. (RYI) Tops Q1 EPS by 23c
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Jefferies Raises Price Target to $10 on Ryerson Inc. (RYI) as LIFO Helps Drive a 1Q Beat
May 9, 2016 9:49 AM EDTJefferies reiterated a Hold rating on Ryerson Holding (NYSE: RYI), and raised the price target to $10.00 (from $4.75), following the company's 1Q earnings report. RYI reported an adjusted EPS of $0.37, which was well ahead of the consensus of $0.03. LIFO unexpectedly generated $14.8M of income... More
