Home › Reliance Steel & Aluminum (RS) Stock Lower Today After Ratings Downgrade
 

Keywords :   


Reliance Steel & Aluminum (RS) Stock Lower Today After Ratings Downgrade

2015-04-14 21:19:01| Steel - Topix.net

The firm said it reduced its rating on the metal services center company as it believes Reliance Steel & Aluminum is leveraged to lower pricing forecasts. "We see 75% of RS's book of business under greater NT pricing pressure than we previously envisioned in our mid-1Q upgrade and our margin inflection more delayed, including weaker 2Q FIFO results," Keybanc said in an analyst note.

Tags: today stock lower ratings

Category:Materials

Latest from this category

All news
»
28.09This Week in Agribusiness, September 28, 2024
28.09This Week in Agribusiness, September 28, 2024
28.09Eastern North Pacific Tropical Weather Outlook
28.09Atlantic Tropical Weather Outlook
28.09Weekly Recap: AkzoNobel, BASF, Axalta, PPG Top This Weeks Stories
28.09Post-Tropical Cyclone Helene Graphics
28.09Post-Tropical Cyclone Helene Public Advisory Number 20
28.09Hurricane Isaac Graphics
More »