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Reliance Steel & Aluminum Company (RS) [hlAlert]

Rating:
Buy RS
down 18.36 %

Reliance Steel & Aluminum Company (RS) upgraded to Buy by BofA/Merrill

Posted on: Tuesday,  Feb 11, 2014  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Reliance Steel & Aluminum Company (NYSE: RS) on 02/11/2014, when the stock price was $71.60.
Since then, Reliance Steel & Aluminum Company has lost 18.37% as of 01/25/2016's recent price of $58.45.
If you would have followed this BofA/Merrill's recommendation on RS, you would have lost 18.36% of your investment in 713 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2014 8:25 AM Buy
None
71.60
as of 10/17/2014
1 Week up  1.10 %
1 Month down  -14.06 %
3 Months down  -14.87 %
1 YTD down  -12.09 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/25/2013 8:25 AM Hold
None
73.40

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