What exactly changed in the RUSMF analyst rating on Feb 12, 2026?

National Bank moved Russel Metals Inc. from **Outperform** to **Sector Perform** on Feb 12, 2026. The note cited weaker near-term demand and margin pressures. No new RUSMF price target was published in the public summary.

How should investors interpret a Sector Perform rating for RUSMF?

Sector Perform means the analyst expects the stock to perform in line with peers. It reduces relative conviction versus an Outperform rating. Investors should reassess position sizing and monitor earnings and commodity signals.

Did National Bank provide a new RUSMF price target with the downgrade?

No new price target appeared in the public bulletin tied to the Feb 12, 2026 downgrade. The absence of a target often leaves traders to react to sentiment rather than new valuation guidance.

What is Meyka AI’s overall view after the downgrade?

Meyka AI rates RUSMF with a grade of **B+**, reflecting benchmark, sector performance, financial growth, key metrics, and analyst consensus. This grade is not a guarantee and we are not financial advisors.

Analyst Ratings

National Bank downgrades Russel Metals Inc. (RUSMF) to Sector Perform Feb 12, 2026

ByDanny Kontos February 13, 2026February 13, 2026

National Bank downgraded Russel Metals Inc. to Sector Perform from Outperform on Feb 12, 2026. This change is the leading development in the RUSMF analyst rating cycle for February 2026. The bank cited more cautious near-term metal demand and margin pressure in its note. The public report listed no new price target. Market reaction showed a modest move, with the stock down -1.35% ($-0.48) in the immediate update window.