X - BMO Downgrades Gold Fields; Reliance Steel Acquires Cooksey Iron; Law Firm Probes Contango ORE; US Steel Shares Q4 Yearly Results | Benzinga
Top Stories for Feb. 2, 2024:
1. BMO Capital analyst Andrew Kaip downgraded Gold Fields Limited (NYSE: GFI) from Market Perform to Underperform and lowered his price target from $14 to $12.
2. Reliance Steel & Aluminum Co. (NYSE: RS) announced that it acquired all outstanding equity interests of the metals service center Cooksey Iron & Metal Co., Inc.
Cooksey will operate as a subsidiary of Reliance’s wholly-owned subsidiary, Metals USA, and its current management team will remain in place.
President and Chief Executive Officer of Reliance Karla Lewis said, "We are very excited to welcome Cooksey to the Reliance family....The addition of Cooksey strengthens and expands our position in the fast-growing Southeastern market where the Company is well-known for its premium customer service, quality products and rapid delivery standards which is in direct ...