Reliance price target raised to $327 from $321 at KeyBanc

KeyBanc raised the firm’s price target on Reliance (RS) to $327 from $321 and keeps an Overweight rating on the shares. Post the company’s Q4 results, the firm modestly reduces its 2025 EPS estimate via a higher opex baseline and establishes its 2026 estimate. Over the mid-to-long term, KeyBanc remains encouraged by Reliance’s strong FCFE, broad-based and diversified U.S. macro exposure, internal growth investments, and share buyback program to offer downside support.