KeyBanc reiterates Reliance Steel ‘buy’ rating
Apr 01, 2010 | 12:16 PM
| Corinna Petry
KeyBanc Capital Markets Inc. has reiterated its "buy" rating on shares of Reliance Steel & Aluminum Co., the nation's largest service center chain.
The Cleveland-based investment bank made the decision "given improving evidence of gradual demand and pricing recovery off 2009 trough levels and increased conviction for (inventory management) gross margin expansion" into the next two quarters, analyst Mark L. Parr said in a research note Thursday. "We sense margins will also be aided (through) unlocking the potential of the PNA (Group Inc.) acquisition, which....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here