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Fly News Breaks for May 8, 2017
RBA
May 8, 2017 | 07:24 EDT
RBC Capital analyst Sara O'Brien recommends buying Ritchie (RBA) on weakness as she is upbeat about its acquisition of IronPlanet.. The analyst says that the deal will enable the combined company to offer improved sales platforms and raise its EBITDA margin beyond Ritchie's 40% target. She keeps an Outperform rating on Ritchie.
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