Fly News Breaks for October 29, 2019
Oct 29, 2019 | 07:51 EDT
Cowen analyst Tyler Kenyon raised his price target on Reliance Steel to $123 from $107 following strong Q3 results and solid Q4 guidance. The analyst views the name as a high quality defensive name and well positioned to pursue organic/inorganic investments to further enhance structural margins/FCFE. Kenyon reiterated his Outperform rating on Reliance Steel shares.
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