Ryerson price target raised to $31 from $29 at BMO Capital

Group 1 - BMO Capital raised the price target on Ryerson (RYI) to $31 from $29 while maintaining a Market Perform rating after the company's Q4 results [1] - The Q4 results were negatively impacted by transitory margin compression, but market activity has improved, and earnings are expected to trend higher [1] - The focus moving forward will be on delivering expected synergies, with capital allocation likely remaining tilted towards reducing leverage in the near term [1]