The Globe and Mail reports in its Wednesday, Dec. 20, edition that RBC Dominion Securities analyst James McGarragle has reaffirmed his "sector perform" recommendation for Russel Metals. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle jacked his share target up by $5 to $47. Analysts on average target the shares at $45.44. Mr. McGarragle says in a note: "Russel shares traded up 16 per cent quarter-to-date, nicely outperforming the group average following its acquisition of seven Metal Service Centers from Samuel Son & Co., which we view positively. ... Russel trades at a 12-per-cent discount to the group, below its trailing 10-year average premium of 10 per cent." Mr. McGarragle is sticking with his projections for Russel, including earnings per share of 74 cents, topping the consensus by seven cents seeing a recent surge in prices benefiting results. He adds, "We expect prices to remain elevated into the first half of 2024." The Globe reported on July 6, 2022, and Sept. 19, 2023, that Stifel analyst Ian Gillies had reaffirmed his "buy" recommendation for Russel Metals. It was then worth $25.11 and $38.23.