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Research Alert: CFRA Maintains Hold Opinion On Shares Of Reliance, Inc.

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by $21 to $358, led by an EV/EBITDA of 11.0x our 2027 EBITDA estimate, a modest premium to Reliance's three-year avg. forward EV/EBITDA of 10.7x. We raise our 2026 EPS estimate by $2.45 to $19.26 and our 2027 EPS forecast by $1.88 to $20.22. Reliance continues to demonstrate operational excellence with 13 consecutive quarters of market share gains, significantly outperforming the broader metals service center industry. Reliance's diversified end market exposure provides resilience, with particular strength in infrastructure, data centers, defense, and energy sectors. Extending mill lead times and tight supply conditions support a favorable pricing environment through 2026. With a strong balance sheet (1.0x net debt-to-EBITDA) and disciplined capital allocation including ongoing share repurchases and a 4% dividend increase RS is well-positioned to capitalize on current market dynamics. However, the valuation at current levels limits near-term upside, supporting our Hold opinion.

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