Baird analyst Craig Kennison raised the firm’s price target on Ritchie Bros. (RBA) to $66 from $62 and keeps an Outperform rating on the shares. The analyst believes the Starboard-backed revised offer more likely to earn shareholder support for its acquisition of IAA (IAA).
Published first on TheFly
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- Ritchie Bros. (TSE:RBA) Amends IAA Acquisition Terms, Gains Investor Support
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