UPDATE: Credit Suisse Lowers PT on Ritchie Bros. Auctioneers as CEO Loss is a Blow to the Stock
October 09, 2013 at 11:26 AM EDT
In a report published Wednesday, Credit Suisse analyst Hamzah Mazari reiterated a Neutral rating on Ritchie Bros. Auctioneers (NYSE: RBA ), but lowered the price target from $20.00 to $18.00. In the report, Credit Suisse noted, “We expect RBA shares to come under pressure tomorrow on the announcement that the