RB Global price target raised to $88 from $76 at Scotiabank

Scotiabank raised the firm’s price target on RB Global to $88 from $76 and keeps an Outperform rating on the shares. The company reported another blowout quarter and initiated a conservative 2024 guidance, the analyst tells investors in a research note. The firm does not believe IAA necessarily needs to win back share for the shares to work, but it thinks it is more likely than not.