Ryerson price target raised to $25 from $23 at BMO Capital

BMO Capital raised the firm’s price target on Ryerson (RYI) to $25 from $23 and keeps a Market Perform rating on the shares. The company delivered an in-line Q4 adjusted EBITDA, but a better-than-expected outlook, and its earnings in Q1 are anticipated to improve materially sequentially, with further improvement expected in rest of the year, the analyst tells investors in a research note.