KeyBanc raises Reliance Steel stock price target on strong results

Jim Cramer prefers Nucor (NUE) over Reliance (RS) but acknowledges RS's strength. Both companies reported strong Q2 results: RS revenue up 26.5% YoY, EPS up 41.5%; NUE EPS up to $5.04. Both expect higher steel prices but lower raw materials margins. Hedge fund holdings increased for both.

RELIANCE, INC. (RS) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Reliance, Inc. Reports Second Quarter 2026 Financial Results - Net sales of $4.63 billion, up 15% sequentially with record tons sold up 7.0% - EPS of $6.29; non-GAAP EPS of $6.27, up 42% year-over-year, exceeding expect

Starz Networks President Alison Hoffman extended her contract through 2029, with a base salary of $1.485 million and bonuses. Starz, now independent from Lionsgate, has seen its shares double in 2026, reporting subscriber growth despite price hikes.

Northrop Grumman Systems Corp. received a $34.39 million contract modification from the U.S. Department of War for additional UH-1Y and AH-1Z Helicopter Link-16 Kits and spare parts. The work will be distributed across multiple U.S. locations and is scheduled for completion by March 2027. No funds are obligated at the time of award, with funds to be allocated on individual orders.

Micron Technology (MU) appointed Deirdre Hanford as president of Micron Research Labs, a long-term research institution based in Boise, Idaho, announced last month. The global research hub is supported by significant investment.

Boeing (BA) and Redwire (RDW) are compared as aerospace investment options. Boeing, with $89.5B revenue and $2.2B net income in FY 2025, faces operational risks but has strong long-term prospects. Redwire, with $335.4M revenue and a $227M net loss, focuses on space tech and has a conservative debt profile. Both have different risk profiles and valuation metrics.