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Fly News Breaks for November 13, 2017
RYI
Nov 13, 2017 | 08:27 EDT
BMO Capital analyst Joel Tiss lowered his price target on Ryerson to $10 and kept his Market Perform rating. Tiss says that while there are a growing number of positive aspects around the company, volatility in metal markets and elevated import levels are notable headwinds. The analyst adds that the company's systematic cost reduction and improvement in leverage has positioned it to benefit from an eventual boost in end-market demand.
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