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Reliance Steel & Aluminum Company (RS) [hlAlert]

down 16.54 %

Reliance Steel & Aluminum Company (RS) rated Outperform by Wells Fargo

Posted on: Thursday,  Mar 21, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Reliance Steel & Aluminum Company (NYSE: RS) on 03/21/2013, when the stock price was $70.04.
Since then, Reliance Steel & Aluminum Company has lost 16.55% as of 01/25/2016's recent price of $58.45.
If you would have followed this Wells Fargo's recommendation on RS, you would have lost 16.54% of your investment in 1040 days.

Reliance Steel & Aluminum Co. operates metals service centers. It provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, titanium, stainless steel, and specialty steel products to fabricators, manufacturers, and other end users. The company's metals processing services include bar turning, bending, blanking, deburring, electropolishing, fabricating, forming, grinding, leveling, machining, oscillate slitting, pipe threading, and polishing. Reliance Steel also offers precision plate sawing, punching, routing, sawing, shape cutting, shearing, skin milling, slitting, tee splitting, twin milling, welding, wheelabrating, shotblasting, and bead-blasting services. As of December 31, 2007, it maintained approximately 180 metals service center processing and distribution facilities in 37 states, and in Belgium, Canada, China, South Korea, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/21/2013 8:25 AM Buy
as of 12/13/2013
1 Week down  -3.17 %
1 Month down  -3.18 %
3 Months up  1.47 %
1 YTD up  3.28 %

(*) Stock Price at the time of the recommendation.
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