11:00 AM EDT, 07/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $6 to $315, as we value RS at an EV/EBITDA of 9.6x our 2026 EBITDA estimate, in line with Reliance's three-year average forward EV/EBITDA. We decrease our 2025 EPS estimate by $0.89 to $15.12 and our 2026 EPS forecast by $0.19 to $19.89. RS posted Q2 adj. EPS of $4.43 vs. $4.65, $0.28 below consensus, with sales that were in line with consensus. RS achieved record Q2 tons sold of 1.62 million, up 4.0% Y/Y. We expect a sequential decline in tons sold in Q3 and downward pressure on the gross margin, driven partly by tariffs. The ongoing trade policy uncertainty has created customer hesitancy, with buyers holding back purchases until greater policy clarity emerges. While we maintain our Hold rating due to near-term margin pressures and trade uncertainty, RS's market-leading position, diversified end markets, and strong balance sheet provide a solid foundation for long-term value creation once current headwinds subside.