The Globe and Mail reports in its Wednesday, Feb. 7, edition that Scotia Capital analyst Michael Doumet has reaffirmed his "sector outperform" recommendation for RB Global. The Globe's David Leeder writes that Mr. Doumet boosted his share target by $2 to $76 (all figures U.S.). Analysts on average target the shares at $74.06. Mr. Doumet says in a note: "Since the acquisition of IAA, investors have been treated to several upward revisions to Street estimates. ... [We] are waiting for evidence to better assess the IAA turnaround. This 'wait and see' approach has led to further discounting in RB Global shares. ...There's often no better time to own a stock than when it trades at a low multiple on low expectations -- and RB Global's trading multiple is near a 10-year low. In our view, IAA does not necessarily need to win back market share for RB Global shares to work (FCFPS is on pace to accelerate materially through 2025E); that said, we believe IAA's improved operations, management's track record, and the desire (by carriers) for a more balanced duopoly remain supportive of share gains in the 2H24/2025." The Globe reported on Dec. 15 that National Bank rated RB Global "outperform" when it could be had for $63.79.