Reliance Steel (RS) to Acquire Metals USA (MUSA) for $20.65/Share
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Wells Fargo Downgrades Metals USA (MUSA) to Market Perform
February 7, 2013 9:20 AM ESTWells Fargo downgraded Metals USA (NYSE: MUSA) from Outperform to Market Perform on pending RS takeover.
For an analyst ratings summary and ratings history on Metals USA click here. For more... More
Dahlman Rose Downgrades Metals USA (MUSA) to Hold on Pending RS Takeover
February 7, 2013 8:17 AM ESTDahlman Rose downgraded Metals USA (NYSE: MUSA) from Buy to Hold on pending takeover by RS.
For an analyst ratings summary and ratings history on Metals USA click here. For more... More
Dahlman Rose Upgrades Reliance Steel & Aluminum (RS) to Buy on MUSA Deal
February 7, 2013 8:16 AM ESTDahlman Rose upgraded Reliance Steel & Aluminum (NYSE: RS) from Hold to Buy with a price target of $89, following the acquisition of Metals USA.
"In acquiring MUSA, RS adds geographic and product breadth at a fair price," the firm said. We see the deal... More
Jefferies Downgrades Metals USA (MUSA) to Hold
February 7, 2013 7:15 AM ESTJefferies downgraded Metals USA (NYSE: MUSA) from Buy to Hold with a price target of $20.65 (from $19.00) on pending takeover.
"With a higher offer unlikely to emerge in our view, a near zero likelihood that RS will be unable to complete the... More
Notable ETF Movers of the Day 02/06: (XME) Higher; (OIH) (IBB) Lower
February 6, 2013 3:48 PM ESTGainers:
SPDR S&P Metals & Mining (NYSE: XME) gained 1.85 percent to 44.5. The spike higher comes in response to increased M&A activity in the space following the announcement of a $1.2 billion all... More
