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JPMorgan Cuts Reliance (RS) Price Target But Maintains ‘Overweight’ Stance
Yahoo Finance· 2025-10-26 10:16
Reliance Steel & Aluminum Co. (NYSE:RS) is one of the top steel stocks to buy amid US tariffs. On October 13, JPMorgan reiterated an ‘Overweight’ rating on the stock and cut the price target to $345 from $350. The price target cut comes as the investment bank continues to observe market developments. JPMorgan Cuts Reliance (RS) Price Target But Maintains ‘Overweight’ Stance JPMorgan’s Overweight rating is buoyed by the company’s growth prospects and long-term outlook. Reliance Steel & Aluminum Co. (NYSE: ...