Reliance price target raised to $355 from $340 at BofA

BofA analyst Lawson Winder raised the firm’s price target on Reliance (RS) to $355 from $340 and keeps a Neutral rating on the shares after the company reported Q1 EPS above its guidance and consensus and gave Q2 EPS guidance above consensus. Following the report, the firm raised its 2026 EPS view to $19.15 from $18.39, but says it sees near-term growth opportunities and favorable pricing dynamics largely priced in.