Ritchie Bros. Auctioneers (RBA) Misses Q2 EPS by 7c

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Jefferies Cuts Price Target on Ritchie Bros. Auctioneers (RBA) to $28 Following 2Q Results

August 10, 2016 9:19 AM EDT

Jefferies maintained a Hold rating on Ritchie Bros (NYSE: RBA), and cut the price target to $28.00 (from $35.00), following the company's 2Q earnings report. Gross Auction Proceeds (GAP) were up 1% y/y in the quarter, but were negatively impacted by lower pricing across... More