KeyBanc lowered the firm’s price target on Olympic Steel (ZEUS) to $38 from $40 and keeps an Overweight rating on the shares. Following the company’s Q2 results/the firm’s analysis, KeyBanc reduced its 2025-2026 EPS/EBITDA on higher opex, while its FY25-FY26 gross profit outlook increased across all three of the company’s major business segments. The firm believes Olympic Steel has ample liquidity and free cash flow to equity generation to continue to augment its M&A growth strategy in the quarters and years ahead.
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