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Fly News Breaks for October 30, 2019
RS
Oct 30, 2019 | 09:01 EDT
Deutsche Bank analyst Chris Terry downgraded Reliance Steel to Hold from Buy with a price target of $110, up from $105. The analyst views the stock as fairly priced following the recent rally. While the business is "robust," there is not enough valuation appeal to warrant a Buy rating, Terry tells investors in a research note.
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