11:19 AM EDT, 09/19/2025 (MT Newswires) -- Stifel Canada on Friday maintained its buy rating on the shares of Russel Metals ( RUSMF ) while trimming its price target to C$48.00 from C$49.00 after the company said it will sell assets to fund an acquisition.

"Russel Metals ( RUSMF ) announced asset sales for two Western Canada locations and other asset rationalizations resulting in gross proceeds of $40-50 mm. This completes RUS' invested capital reduction plan for the acquisition of Samuel, Son & Co. We also updated our 3Q25E outlook given weak market conditions and restructuring costs related to the transaction. As a result, we have reduced 2025E EBITDA by 1.2% while 2026E remains largely unchanged. We are decreasing our target price to $48.00/sh (prior: $49.00/sh) on slightly lower estimates while maintaining our BUY rating," analyst Ian Gillies wrote.

(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)

Price: 40.57, Change: -0.12, Percent Change: -0.29