10:25 AM EDT, 10/24/2025 (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 decrease our 12-month target by $17 to $298, assuming an EV/EBITA of 10.0x our 2026 EBITDA estimate, in line with Reliance's three-year avg. forward EV/EBITDA. We lower our 2025 EPS estimate by $0.28 to $14.84 and our 2026 EPS forecast by $1.38 to $18.51. Our estimate revisions reflect Q3 2025 results that showed continued margin pressure from trade policy uncertainty and competitive pricing dynamics, with gross margin compressing to 28.3% despite record third-quarter tons sold of 1.6 million (+6.2% Y/Y). While RS significantly outperformed industry shipments by 9+ percentage points and expanded U.S. market share to 17.1%, the challenging pricing environment following tariff-related inventory buildups has temporarily pressured profitability. However, we expect margin recovery through 2026 as pricing stabilizes and RS benefits from operational leverage on higher volumes. Near-term headwinds warrant cautious optimism until trade policy clarity emerges and inventory dynamics normalize across key end markets.