BofA analyst Lawson Winder downgraded Reliance (RS) to Underperform from Neutral with a price target of $365, up from $355. While near-term fundamentals remain supportive, equity upside is “now more valuation-constrained,” the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RS: