The Globe and Mail reports in its Friday, Oct. 16, edition that National Bank Financial analyst Maxim Sytchev calls RB Global one of his "top ideas." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev continues to rate RB Global "outperform." He gave his share target a $2 boost to $132 (all figures U.S.). Analysts on average target the shares at $129.18. Mr. Sytchev says in a note, "The take-rate 'race to the bottom thesis feels too negative to us, and with construction/agriculture under pressure, the thesis now imputes trough valuation on trough EPS -- we don't think that will last." The Globe reported on July 14, Aug. 6 and Sept. 15 that Mr. Sytchev continued to rate RB Global "outperform." The shares could then be had for $109.16, $92.67 and $86.15.
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