Seaport Research is Bullish on Reliance, Inc. (RS)

Reliance, Inc. (NYSE:RS) is among the 10 Best Steel Stocks to Buy Right Now.

On February 20, 2026, Seaport Research lifted its price target for Reliance, Inc. (NYSE:RS) to $340 from $315. Seaport Research maintained a Buy rating. The firm said that management has executed well and delivered bottom-line growth throughout the cycle. It also stated that the company retains flexibility for shareholder returns.

On February 20, 2026, JPMorgan lowered Reliance, Inc. (NYSE:RS) to Neutral from Overweight. JPMorgan reduced its price objective to $330 from $340. The downgrade came after an earnings miss caused by aluminum margin pressure. The firm cautioned that elevated first-half pricing may moderate. Tariff-driven pressures may remain despite sluggish semiconductor and commercial aerospace sales.

On February 20, 2026, BMO Capital lowered Reliance, Inc. (NYSE:RS) to Market Perform from Outperform. BMO Capital also trimmed the price target to $320 from $340. The firm reported a slower-than-expected margin improvement. The analyst said that the company’s performance remains resilient over time.

Reliance, Inc. (NYSE:RS) operates a metal distribution center. It provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel goods.

While we acknowledge the potential of RS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Best Electric Utility Stocks to Invest In Now and 11 Most Volatile Stocks to Buy According to Hedge Funds.

Disclosure: None. Follow Insider Monkey on Google News.