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Fly News Breaks for January 13, 2017
RBA
Jan 13, 2017 | 08:40 EDT
BofA/Merrill downgraded Ritchie Bros. to Underperform from Neutral and lowered its price target to $29.50 from $37.50. The firm's analyst said shares materially outperformed in 2016 and sees risks to auction volumes following the strong 2016 and believes more normalized inventories across Machinery channels could stall growth, particularly in energy geographies.
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