The Globe and Mail reports in its Wednesday, May 6, edition that TD Cowen analyst Michael Tupholme has reaffirmed his "buy" recommendation for Russel Metals. The Globe's David Leeder writes that Mr. Tupholme gave his share target a $6 boost to a Street-high $63. Analysts on average target the shares at $53.51. Mr. Tupholme sees Russel Metals benefiting from "favourable" demand and pricing, but notes that inclement weather has impacted 2026, prompting a modest reduction in his first quarter earnings expectation. Mr. Tupholme says in a note: "Overall, we are encouraged by solid demand in most key end-markets and continued steel price gains; both to benefit RUS over coming quarters. We also like Russel Metals margin improve. opportunity and strong balance sheet, and see the stock's valuation as attractive. ... While January was softer due to weather-related disruptions, February and March were described as very strong. U.S. demand continued to outperform Canada. Notably, management noted robust demand in Alberta, and continued strength in end-markets such as data centres. ... We view Russel Metals valuation as attractive. Meanwhile, we believe Russel Metals offers various other compelling investment attributes."