The Globe and Mail reports in its Friday, Dec. 15, edition that National Bank analyst Maxim Sytchev has reaffirmed his "outperform" recommendation for RB Global. The Globe's David Leeder writes that Mr. Sytchev advanced his share target by $7 (U.S.) to $80 (U.S.). Analysts on average target the shares at $71.88 (U.S.). Mr. Sytchev says he sees "more risks on the horizon" for industrial products companies heading into 2024 as the "consensus has shifted its view from a recession at the start of 2023 to a greater acceptance of a soft landing. We see political risks shifting to the right of the spectrum, potentially impacting sentiment of infra-friendly names. We are staying sharp and nimble, although it's hard to advocate for material trimming at the moment." The Globe reports that Mr. Sytchev says RB Global remains his "best long-only idea." The Globe reported on May 19 that Mr. Sytchev had upgraded his recommendation for RB Global when it was known as Ritchie Bros. Auctioneers to "outperform" from "sector perform." He said Ritchie "presents an attractive entry point for a quality company with a resilient margin and a significant anti-cyclical earnings profile." The shares could then be had for about $52 (U.S.).