Keybanc Maintains Overweight on Reliance Steel & Aluminum, Raises Price Target to $300
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Philip Gibbs maintains an Overweight rating on Reliance Steel & Aluminum (NYSE:RS) and raises the price target from $275 to $300.
July 17, 2023 | 8:19 am
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Reliance Steel & Aluminum's price target has been raised from $275 to $300 by Keybanc, maintaining an Overweight rating.
The raised price target indicates the analyst's increased confidence in the company's performance. This could potentially attract more investors, driving the stock price up in the short term.
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