Bullboard - Stock Discussion Forum Russel Metals Inc T.RUS

Alternate Symbol(s): RUSMF

Russel Metals Inc. is a metals distribution company in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. The Company’s network of metals service centers carries a line of metal products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished... see more

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TSX:RUS - Post Discussion

Russel Metals Inc > FYI: RBC comments :>((

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Post by TimeBuilder on Oct 22, 2022 1:20pm

FYI: RBC comments :>((

08:15 AM EDT, 10/13/2022 (MT Newswires) -- RBC Capital Markets lowered its price target on Russel Metals Inc. (RUS.TO) to $35 from $42 on Thursday.

Analyst Alexander Jackson maintained an Outperform rating on shares of the Canadian metals distribution and processing company ahead of its third quarter results.

'We forecast weaker results q/q for Russel with margins compressing in the Metals Service Center (MSC) and the Metals Distributor segments on falling steel prices," Jackson said in a note to clients.

"Despite the weaker expected quarter, we continue to like Russel for its diverse customer base and improving through the cycle margin profile with investment in value added processing and a growing MSC footprint," the analyst said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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