The Globe and Mail reports in its Friday edition that RBC Capital Markets analyst James McGarragle continues to rate Russel Metals "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragke cut his share target back by $2 to $47. Analysts on average target the shares at $50. Mr. McGarragle says in a note: "Three results came in line with consensus ex one times, however, the focus for the quarter was management's commentary on margin moderation expected in Q4. This aligns with recent peers' results and was not unexpected. That said, we believe this likely contributed to today's share price weakness. Despite a subdued industrial backdrop, we believe current valuation reflects these headwinds, as shares continue to trade at a notable discount to peers. Importantly, we see several company-specific catalysts including further value-added investments, disciplined M&A, and Kloeckner integration synergies positioning RUS to drive earnings growth irrespective of macro conditions." The Globe reported on Feb. 14 and Oct. 10 that National Bank Financial analyst Maxim Sytchev had reaffirmed his "outperform" recommendation for Russel Metals. The shares could then be had for $42.85 and $40.82.