Seaport Research raised the firm’s price target on Reliance (RS) to $340 from $315 and keeps a Buy rating on the shares. The firm notes management is executing well, delivering bottom-line growth through the cycle and the maintaining optionality for shareholder returns, the analyst tells investors.
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- Walmart downgraded, Etsy upgraded: Wall Street’s top analyst calls
- Reliance downgraded to Neutral from Overweight at JPMorgan
- Reliance downgraded to Market Perform from Outperform at BMO Capital
- Reliance reports Q4 adjusted EPS $2.96, consensus $2.82
- Reliance sees Q1 EPS $4.50-$4.70, consensus $4.51