Keybanc Maintains Overweight on Reliance, Lowers Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Philip Gibbs maintains an Overweight rating on Reliance (NYSE:RS) but lowers the price target from $335 to $325.
October 14, 2024 | 12:14 pm
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Keybanc analyst Philip Gibbs maintains an Overweight rating on Reliance but lowers the price target from $335 to $325, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Reliance's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100