Wells Fargo raised the firm’s price target on Reliance (RS) to $323 from $315 and keeps an Equal Weight rating on the shares. The firm raises benchmark steel price forecasts to assume a higher value from sticky tariffs through Trump’s administration.
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- Reliance Steel & Aluminum Signals Underlying Earnings Strength
- Reliance price target raised to $340 from $315 at Seaport Research
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- Reliance downgraded to Neutral from Overweight at JPMorgan
- Reliance downgraded to Market Perform from Outperform at BMO Capital
