Jefferies upgrades Reliance to ‘buy’ on ‘upside potential’

Apr 20, 2009 | 11:43 AM | Corinna Petry

Investment bank Jefferies & Co. Inc. on Monday upgraded the shares of Reliance Steel and Aluminum Co. to "buy" from "hold," citing upside potential as "steel prices are likely close to a near-term bottom as is demand," analyst Yvonne Varano said in....

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