UPDATE: BMO Capital Markets Upgrades Ritchie Bros. Auctioneers Ahead of Expected Earnings Recovery
October 24, 2013 at 10:15 AM EDT
In a report published Thursday, BMO Capital Markets analyst Bert Powell upgraded the rating on Ritchie Bros. Auctioneers (NYSE: RBA ) from Underperform to Outperform, and raised the price target from $18.00 to $22.50. In the report, BMO Capital Markets noted, “We are upgrading Ritchie Bros. to Outperform from Underperform
