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Shares of Reliance Inc (Symbol: RS) traded at $332.56 on recent trading, surpassing the average analyst 12-month target price of $332.17. This price action prompts analysts to either downgrade their valuation or raise their target based on fundamental business developments, indicating a signal for investors to reassess their positions.
Among six analyst targets within the Zacks coverage universe, the lowest target is set at $320.00, while the highest is $341.00, with a standard deviation of $7.44. Current ratings include three strong buys, four holds, and no sells, with an average rating of 2.14 on a scale where 1 is Strong Buy and 5 is Strong Sell.
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