BMO Capital analyst John Gibson raised the firm’s price target on RB Global (RBA) to $120 from $116 and keeps an Outperform rating on the shares. The company delivered a solid Q4 earnings beat, with 2024 EBITDA well ahead of guidance driven by stronger-than-expected gross transaction value growth, particularly in the auto sector, the analyst tells investors in a research note.
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Read More on RBA:
- RB Global price target raised to $116 from $107 at RBC Capital
- RB Global price target raised to $118 from $110 at Raymond James
- RB Global price target raised to $100-$110 from $95-$100 at Barrington
- RB Global price target raised to $110 from $105 at Baird
- RB Global’s 2024 Earnings Reflect Strategic Growth
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