Buy between 30 to 34

Hold - Price 23.57 on Feb. 24
by Jefferies & Co.

Economic concerns are likely to pressure RS ... near term ...but we believe it should have solid '09 performance. EPS of 90 cents [was far] ahead of consensuses...4Q revenue of $2.1 billion increased 26% compared to a year ago, reflecting PNA Group acquisition. Market cap: $1.7 billion

A first rate steel supplier.

Weak dollar, less steel imports

time to move into steel

Cramer: Make Room for Steel
With the demand/supply imbalance, these companies are poised for gains, says Jim Cramer.

Click here to watch the video.

Wrong! Or at least wrong when it comes to U.S. Steel (X) and Nucor (NUE) and Reliance (RS) and today, General Mills (GIS).

Steels are supply-constrained with worldwide demand strong. That's how you can see 52-week highs in some of these stocks. That, and the fact that commercial construction is holding up and the export market is white-hot.

Goldman said it is downgrading Reliance Steel and Aluminum (RS) to Neutral from Buy based on relative valuation. Remain positive but prefer ATI due to greater upside. Maintained $64 price target.

Reliance Steel & Aluminum - potential steel investment

Reliance Steel (RS) was downgraded to Neutral rating from Buy at UBS. Price target dips to $62 from $70, and FY08 eps holds at $0.54.

Outrageous to take on all that debt!