Reliance Steel & Aluminum (RS) Misses Q3 EPS by 14c

Go back to Reliance Steel & Aluminum (RS) Misses Q3 EPS by 14c

Jefferies Upgrades Reliance Steel & Aluminum (RS) to Buy

October 24, 2014 6:55 AM EDT

Jefferies upgraded Reliance Steel & Aluminum (NYSE: RS) from Hold to Buy with a price target of $77.00 (from $79.00).

Analyst Luke Folta commented, "With RS off -14% from recent highs and in line with our view that U.S. metals demand will continue to... More