Bank of America Merrill Lynch Reiterates Buy Rating, $24 PT on Ritchie Bros. Auctioneers
In a report published Monday, Bank of America Merrill Lynch reiterated its Buy rating and $24.00 price target on Ritchie Bros. Auctioneers (NYSE: RBA ). BofA Merrill Lynch noted, “Ritchie stock was down 4% on Dec-7th on news that CAT plans to invest an undisclosed sum in CAT Auction Services.
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