Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Goldman Sachs Ups Reliance Steel & Aluminum to Buy

From Standard & Poor's Equity Research

Goldman Sachs upgraded Reliance Steel & Aluminum (RS) to buy from neutral, noting a 40% drop in shares since May.

Analyst Sal Tharani estimates upside potential of around 60% to his $48 12-month target (raised from $44.) The analyst believes the market does not fully appreciate the positive potential of recent acquisitions such as Yarde Metals. The analyst expects further upside due to factors such as the company's diversified product mix, wide geographic footprint, and strong demand from its three key end markets. Tharani raises a $4.80 2006 EPS estimate to $5.00 and a $4.45 2007 EPS estimate to $5.25.

blog comments powered by Disqus