RBC Capital Maintains Outperform on RB Global, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Arthur Nagorny has maintained an Outperform rating on RB Global (NYSE:RBA) but has reduced the price target from $75 to $73.
November 10, 2023 | 6:35 pm
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NEUTRAL IMPACT
RBC Capital analyst Arthur Nagorny maintains an Outperform rating on RB Global but lowers the price target from $75 to $73, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Outperform rating suggests that RBC Capital remains optimistic about RB Global's future performance. However, the reduction in the price target could reflect a minor adjustment in growth expectations, possibly due to market conditions or company-specific factors. This news is likely to be viewed neutrally by investors as the positive rating is retained, but the price target reduction may temper expectations slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100