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Fly News Breaks for May 23, 2017
RS
May 23, 2017 | 06:45 EDT
BofA/Merrill analyst Timna Tanners upgraded Reliance Steel to Buy from Neutral and trimmed its price target to $88 from $91. Tanners said the recent pullback in shares provides an attractive buying opportunity and offers strong cash flow, steady profile, and fairly consistent gross margins.
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