Stifel Canada on Friday maintained its hold rating on the shares of Russel Metals (RUS.TO) while lowering its price target to C$49.00 from C$50.50 following the company's fourth-quarter results.

"We view the quarter as neutral as results were in line, while we move our 2026E and 2027E EBITDA forecasts lower due to weaker ASP in MSC. We reiterate our thesis that the stock is properly valued at this level with P/Book at 1.45x. We think the business quality remains high, and the capital allocation strategy is well-defined, but we await a better entry point for the stock. We have lowered our target price to $49.00/sh while maintaining our HOLD rating," analyst Ian Gillies wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 46.17, Change: -0.76, Percent Change: -1.62