RB Global price target lowered to $108 from $109 at CIBC

CIBC lowered the firm’s price target on RB Global (RBA) to $108 from $109 and keeps an Outperformer rating on the shares ahead of quarterly results. The firm will be looking for the company to issue its 2025 guidance, and given the company has de-levered from the IAA acquisition faster than anticipated, CIBC will be looking for more color on its capital priorities.