Keybanc Maintains Overweight on Reliance Steel & Aluminum, Lowers Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Philip Gibbs maintains an Overweight rating on Reliance Steel & Aluminum (NYSE:RS) but lowers the price target from $290 to $285.
October 27, 2023 | 9:03 am
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NEUTRAL IMPACT
Reliance Steel & Aluminum's price target has been lowered from $290 to $285 by Keybanc, though the Overweight rating is maintained.
The news directly pertains to Reliance Steel & Aluminum (RS). The lowering of the price target might have a neutral impact on the stock as the Overweight rating is maintained, indicating that the analyst still sees potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100