The Globe and Mail reports in its Wednesday, Jan. 21, edition that Raymond James analyst Frederic Bastien has reaffirmed his "outperform" recommendation RB Global. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien gave his share target a $10 boost to $145 (all figures U.S.). Analysts on average target the shares at $129.43a. mr. Bastien says in a note: "Looking into 2026, we expect CC&T performance to re-accelerate and complement sustained Auto/IAA momentum. On the CC&T [Commercial, Construction & Transportation] front, specifically, several factors shape this view, including: 1) increased legislative clarity (Big Beautiful Bill, bonus depreciation, tariff familiarity); 2) rising U.S. GDP and capital spend expectations; 3) outsized spreads between new and used equipment pricing (favoring used demand); 4) rising ASPs after a multi-year slide; and 5) incremental M&A volume (JM Wood, Smith Broughton). In Auto, we also see beneficial tailwinds continuing, including: 1) incremental share gains underpinned by strong carrier relationships & industry-leading SLA performance; 2) incremental volume from recent contract wins; and 3) modest ASP tailwinds."
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