RB Global price target raised to $150 from $146 at RBC Capital

RBC Capital analyst Sabahat Khan raised the firm’s price target on RB Global (RBA) to $150 from $146 and keeps an Outperform rating on the shares. The company reported Q1 ahead of consensus, with results reflecting a 5th consecutive quarter of share gains for IAA, strong underlying cost controls, and continued M&A activity, the analyst tells investors in a research note.