The Globe and Mail reports in its Tuesday, May 27, edition that National Bank Financial analyst Maxim Sytchev has moved his recommendation for RB Global to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev continues to target the shares at $115 (U.S.). Analysts on average target the shares at $113.50 (U.S.). Mr. Sytchev notes that the Street's high expectations for RB Global in the second half of the fiscal year are at odds with the challenging macroeconomic environment. Mr. Sytchev doubts a "construction/salvage lull [will] be resolved in the short-term." As a result, Mr. Sytchev says he is moving to the sideline. Mr. Sytchev says in a note: "We continue to be of the opinion that entry points matter, even if tactical in nature. We had an 'underperform' on RBA Global on valuation concerns at the tail end of the pandemic (a positioning that at times felt pretty painful); following the IAA announcement and the stock's material correction, we went to 'sector perform' in late-2022 and once the post-closing washout took place, upgraded to 'outperform' in May, 2023. [The] shares have since returned 107 per cent since vs. 28 per cent for TSX."