RB Global price target lowered to $114 from $120 at BofA

BofA analyst Michael Feniger lowered the firm’s price target on RB Global (RBA) to $114 from $120 and keeps a Buy rating on the shares. The firm rolls forward its valuation methodology a year and applies a slightly lower multiple on some auto overhangs, but adds that it sees RB as “perhaps too conservative” and says it is increasingly positive on the set up into 2026.