10 Best Steel Stocks to Buy Right Now

4. Reliance, Inc. (NYSE:RS)

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.