Barclays analyst John Babcock initiated coverage of RB Global (RBA) with an Overweight rating and $124 price target. Stocks in the auto retail space offer good growth and shareholder return potential, the analyst tells investors in a research note. The firm epacts RB will continue to gain share in the salvage vehicle market from Copart (CPRT). RB shares do not fully reflects the company's recent contract win, and its second half of 2026 results could be a catalyst as it will show the magnitude of the volume contribution, contends Barclays.
