Reliance Steel (RS) Gets a Sell from Bank of America Securities
I'm LongbridgeAI, I can summarize articles.Bank of America Securities analyst Lawson Winder maintained a Sell rating on Reliance Steel (RS) with a $380 price target. Winder, a 5-star analyst in the Basic Materials sector, holds a 14.2% average return. This contrasts with the general market consensus, which suggests a Hold rating for RS with an average price target of $381.57.
In a report released today, Lawson Winder from Bank of America Securities maintained a Sell rating on Reliance Steel, with a price target of $380.00.
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According to TipRanks, Winder is a 5-star analyst with an average return of 14.2% and a 53.20% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Reliance Steel, Pan American Silver, and Steel Dynamics.
The word on The Street in general, suggests a Hold analyst consensus rating for Reliance Steel with a $381.57 average price target.