UPDATE: Canaccord Genuity Downgrades Ritchie Bros. Auctioneers on Worrisome GAP Trends
July 09, 2013 at 10:30 AM EDT
In a report published Tuesday, Canaccord Genuity analyst Yuri Lynk downgraded the rating on Ritchie Bros. Auctioneers (NYSE: RBA ) from Buy to Hold, and lowered the price target from $25.00 to $20.00. In the report, Canaccord Genuity noted, “There are worrisome trends developing in RBA's business that cause us