The Globe and Mail reports in its Friday, Feb. 9, edition that BMO Capital Markets analyst Devin Dodge has reaffirmed his "outperform" recommendation for Russel Metals. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dodge bumped his share target ahead by $2 to $46. Analysts on average target the shares at $48.81. Mr. Dodge says in a note: "We believe Russel Metals is executing well and the pending acquisition of seven facilities from Samuel, Son & Co. should provide attractive growth opportunities in its service centre division. In addition, the balance sheet remains strong and provides Russel with significant capital deployment flexibility. However, with the P/B ratio currently above its historical average, we believe much of the optimism is reflected in valuation and believe the risk/reward is balanced." 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. The Globe reported on Dec. 20, 2023, that RBC Dominion Securities analyst James McGarragle had reaffirmed his "sector perform" recommendation for Russel Metals. It was then worth $44.53.