BMO Capital Maintains Outperform Rating for Reliance: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Outperform rating for Reliance (NYSE:RS) and increased its price target from $295.00 to $355.00. Despite a slight decrease in share price over the last 24 hours, the new target suggests a potential 9.1% increase.
February 20, 2024 | 5:00 pm
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BMO Capital maintains Outperform rating for Reliance, raising price target from $295 to $355, indicating a potential 9.1% increase from the current price.
The maintenance of an Outperform rating combined with a significant increase in the price target by BMO Capital suggests strong confidence in Reliance's future performance. Despite a minor decrease in share price, the raised target indicates a bullish outlook, likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100