Radius Recycling price target lowered to $17 from $17.50 at Seaport Research

Seaport Research lowered the firm’s price target on Radius Recycling to $17 from $17.50 and keeps a Sell rating on the shares after Radius provided fiscal Q2 adjusted EBITDA guidance of $2M versus consensus of $14M. Radius has executed well in “an extremely challenging market,” but market fundamentals have weakened in recent weeks with significant downward moves in March domestic settlements and a challenging export market, the analyst tells investors.