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Reliance Steel upgraded to Overweight from Sector Weight at KeyBanc » 06:30
10/14/21
10/14
06:30
10/14/21
06:30
RS

Reliance Steel

$144.83 /

+0.565 (+0.39%)

KeyBanc analyst Philip…

KeyBanc analyst Philip Gibbs upgraded Reliance Steel to Overweight from Sector Weight with a $165 price target. Gibbs views the recent selloff in shares opportunistically and thinks it is the highest-quality, most defensive equity in the space amid industry-leading margins, a longstanding history of creating long-term value and infrastructure optionality, the analyst tells investors in a research note.

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RS Reliance Steel
$144.83 /

+0.565 (+0.39%)

RS Reliance Steel
$144.83 /

+0.565 (+0.39%)

10/14/21 KeyBanc
Reliance Steel upgraded to Overweight from Sector Weight at KeyBanc
09/15/21 Deutsche Bank
Reliance Steel price target raised to $175 from $165 at Deutsche Bank
08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
RS Reliance Steel
$144.83 /

+0.565 (+0.39%)

Upgrade
Reliance Steel upgraded to Overweight from Sector Weight at KeyBanc » 04:41
10/14/21
10/14
04:41
10/14/21
04:41
RS

Reliance Steel

$144.83 /

+0.565 (+0.39%)

KeyBanc analyst Philip…

KeyBanc analyst Philip Gibbs upgraded Reliance Steel to Overweight from Sector Weight with a $165 price target.

ShowHide Related Items >><<
RS Reliance Steel
$144.83 /

+0.565 (+0.39%)

RS Reliance Steel
$144.83 /

+0.565 (+0.39%)

09/15/21 Deutsche Bank
Reliance Steel price target raised to $175 from $165 at Deutsche Bank
08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
RS Reliance Steel
$144.83 /

+0.565 (+0.39%)

Over a week ago
Hot Stocks
Reliance Steel completes acquisition of Merfish United » 06:54
10/04/21
10/04
06:54
10/04/21
06:54
RS

Reliance Steel

$143.25 /

+0.735 (+0.52%)

Reliance Steel &…

Reliance Steel & Aluminum announced that effective October 1, 2021, it has acquired Merfish United, a master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich, Massachusetts, Merfish United serves 47 U.S. states through its twelve strategically located distribution centers. Merfish United's broad product offering includes full lines of steel pipe, copper tubing, plastic pipe, electrical conduit and related products for the commercial, residential, municipal and industrial building markets. For the twelve months ended June 30, 2021, Merfish United's net sales were approximately $500 million. The current Merfish United team, including management, will remain in place. The terms of the transaction were not disclosed.

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RS Reliance Steel
$143.25 /

+0.735 (+0.52%)

RS Reliance Steel
$143.25 /

+0.735 (+0.52%)

09/15/21 Deutsche Bank
Reliance Steel price target raised to $175 from $165 at Deutsche Bank
08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
RS Reliance Steel
$143.25 /

+0.735 (+0.52%)

Conference/Events
Reliance Steel participates in a conference call with Benchmark » 10:25
09/20/21
09/20
10:25
09/20/21
10:25
RS

Reliance Steel

$140.17 /

-3.98 (-2.76%)

Analyst Harrigan holds a…

Analyst Harrigan holds a conference call with CEO Hoffman, President Lewis and CFO Ajemyan on September 20 at 11 am hosted by Benchmark.

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RS Reliance Steel
$140.17 /

-3.98 (-2.76%)

RS Reliance Steel
$140.17 /

-3.98 (-2.76%)

09/15/21 Deutsche Bank
Reliance Steel price target raised to $175 from $165 at Deutsche Bank
08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
RS Reliance Steel
$140.17 /

-3.98 (-2.76%)

Conference/Events
Reliance Steel participates in a conference call with Benchmark » 04:55
09/20/21
09/20
04:55
09/20/21
04:55
RS

Reliance Steel

$144.15 /

-2.2 (-1.50%)

Analyst Harrigan holds a…

Analyst Harrigan holds a conference call with CEO Hoffman, President Lewis and CFO Ajemyan on September 20 at 11 am hosted by Benchmark.

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RS Reliance Steel
$144.15 /

-2.2 (-1.50%)

RS Reliance Steel
$144.15 /

-2.2 (-1.50%)

09/15/21 Deutsche Bank
Reliance Steel price target raised to $175 from $165 at Deutsche Bank
08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
RS Reliance Steel
$144.15 /

-2.2 (-1.50%)

Over a month ago
Conference/Events
Reliance Steel participates in a conference call with Benchmark » 15:31
09/16/21
09/16
15:31
09/16/21
15:31
RS

Reliance Steel

$147.48 /

-2.53 (-1.69%)

Analyst Harrigan holds a…

Analyst Harrigan holds a conference call with CEO Hoffman, President Lewis and CFO Ajemyan on September 20 at 11 am hosted by Benchmark.

ShowHide Related Items >><<
RS Reliance Steel
$147.48 /

-2.53 (-1.69%)

RS Reliance Steel
$147.48 /

-2.53 (-1.69%)

09/15/21 Deutsche Bank
Reliance Steel price target raised to $175 from $165 at Deutsche Bank
08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
RS Reliance Steel
$147.48 /

-2.53 (-1.69%)

Recommendations
Reliance Steel price target raised to $175 from $165 at Deutsche Bank » 06:48
09/15/21
09/15
06:48
09/15/21
06:48
RS

Reliance Steel

$146.04 /

-3.63 (-2.43%)

Deutsche Bank analyst…

Deutsche Bank analyst Sathish Kasinathan raised the firm's price target on Reliance Steel to $175 from $165 and keeps a Hold rating on the shares. Since May, steel equities "have largely looked through the earnings upgrades as investors have tried to avoid getting involved at the cyclical peak," Kasinathan tells investors in a research note. This has left the sector on "highly attractive valuation metrics," says the analyst. Kasinathan sees further upgrade potential to Deutsche's above-consensus estimates.

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RS Reliance Steel
$146.04 /

-3.63 (-2.43%)

RS Reliance Steel
$146.04 /

-3.63 (-2.43%)

08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
06/16/21 JPMorgan
Reliance Steel initiated with an Overweight at JPMorgan
RS Reliance Steel
$146.04 /

-3.63 (-2.43%)

Conference/Events
Reliance Steel participates in a conference call with Benchmark » 12:12
09/13/21
09/13
12:12
09/13/21
12:12
RS

Reliance Steel

$149.08 /

+0.45 (+0.30%)

Analyst Harrigan holds a…

Analyst Harrigan holds a conference call with management on September 20 hosted by Benchmark.

ShowHide Related Items >><<
RS Reliance Steel
$149.08 /

+0.45 (+0.30%)

RS Reliance Steel
$149.08 /

+0.45 (+0.30%)

08/23/21 Seaport Global
Reliance Steel initiated with a Buy at Seaport Global
07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
06/16/21 JPMorgan
Reliance Steel initiated with an Overweight at JPMorgan
RS Reliance Steel
$149.08 /

+0.45 (+0.30%)

Initiation
Reliance Steel initiated with a Buy at Seaport Global » 19:30
08/23/21
08/23
19:30
08/23/21
19:30
RS

Reliance Steel

$151.09 /

+1.345 (+0.90%)

Seaport Global analyst…

Seaport Global analyst Martin Englert initiated coverage of Reliance Steel with a Buy rating and $165 price target as part of a broader research note on Steel names. After a "historic" run in U.S. steel prices, prices are "closing" on peak, but there is still an opportunity for better than expected second-half results relative to expectations, the analyst tells investors in a research note. Englert adds that while a pending pricing correction will present headwinds, he favors companies with a defensive profile.

ShowHide Related Items >><<
RS Reliance Steel
$151.09 /

+1.345 (+0.90%)

RS Reliance Steel
$151.09 /

+1.345 (+0.90%)

07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
06/16/21 JPMorgan
Reliance Steel initiated with an Overweight at JPMorgan
04/23/21 Deutsche Bank
Reliance Steel price target raised to $152 from $136 at Deutsche Bank
RS Reliance Steel
$151.09 /

+1.345 (+0.90%)

Hot Stocks
Reliance Steel agrees to acquire Merfish United; terms not disclosed » 06:54
08/04/21
08/04
06:54
08/04/21
06:54
RS

Reliance Steel

$157.64 /

+2.97 (+1.92%)

Reliance Steel &…

Reliance Steel & Aluminum said it has entered into a definitive agreement to acquire Merfish United, a master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich, Massachusetts, Merfish United serves 47 U.S. states through its twelve strategically located distribution centers. For the twelve months ended June 30, 2021, Merfish United's net sales were approximately $500M. The transaction is expected to close within the next 60 days, subject to regulatory approval and customary closing conditions. The current Merfish United team, including management, is expected to remain in place post-closing. The terms of the transaction were not disclosed.

ShowHide Related Items >><<
RS Reliance Steel
$157.64 /

+2.97 (+1.92%)

RS Reliance Steel
$157.64 /

+2.97 (+1.92%)

07/26/21 Citi
Reliance Steel upgraded to Buy from Neutral at Citi
07/01/21 Deutsche Bank
Reliance Steel price target raised to $162 from $152 at Deutsche Bank
06/16/21 JPMorgan
Reliance Steel initiated with an Overweight at JPMorgan
04/23/21 Deutsche Bank
Reliance Steel price target raised to $152 from $136 at Deutsche Bank
RS Reliance Steel
$157.64 /

+2.97 (+1.92%)

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