TDSI morning action notes -18 JuneRussel Metals Inc
Recommendation - Buy
12 Mth Target C $39
TD Investment Conclusion
We are encouraged by healthy demand trends within RUS' Metals Service Centers
segment. Meanwhile, strong steel price increases in recent months also support our
positive outlook for the overall business. Finally, we see RUS' valuation and its 5.3%
dividend yield as other attractive attributes.
We reiterate our BUY rating.