BMO Capital raised the firm’s price target on RB Global (RBA) to $130 from $125 and keeps an Outperform rating on the shares. The company delivered another strong quarter and increased its quarterly dividend, with the beat driven by market share gains in its automotive business while heavy volumes rebounded after a softer Q1, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBA: