12:44 PM EDT, 08/06/2024 (MT Newswires) -- National Bank has raised its one year target on RB Global ( RBA ) to US$90 (from US$87), and reiterated its Outperform rating, after the company reported "very solid" second quarter results.

"RBA remains a top long idea in our coverage as we believe the multiple expansion thesis is firmly underpinned by positive earnings revisions," analyst Maxim Sytchev notes.

Price: 106.17, Change: +2.41, Percent Change: +2.32