Scotiabank Maintains Sector Outperform on RB Global, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Michael Doumet has maintained a 'Sector Outperform' rating on RB Global (NYSE:RBA) and increased the price target from $74 to $76.
February 06, 2024 | 5:42 pm
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POSITIVE IMPACT
Scotiabank has reaffirmed its 'Sector Outperform' rating on RB Global and raised its price target to $76, indicating a positive outlook on the stock.
The upgrade in price target by a reputable analyst like Michael Doumet suggests a strong confidence in RB Global's future performance. This is likely to instill positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90