The Globe and Mail reports in its Tuesday, Sept. 15, edition that National Bank's Maxim Sytchev has reaffirmed his "sector outperform" ranking for RB Global. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev gave his share target a $3 trim to $130 (all figures U.S.). Analysts on average target the shares at $135.17. Mr. Sytchev thinks RB Global's valuation is currently "misaligned" with the quality of its platform, emphasizing recent channel checks point to IAA "gaining mind (share)." Mr. Sytchev says in a note: "Our conversations with insurance carriers characterized the two platforms (IAA and Copart) as broadly neck-and-neck operationally, with IAA potentially ahead on certain carrier-specific metrics and with a much more KPI-driven/client-focused go-to-market approach. IAA's momentum may now be broadening beyond Progressive, with recent state-level data pointing to an increase in State Farm volume in Missouri with more similar markets to follow. Operationally, our sources told us that that recent cycle time remained almost seven days better year-over-year, and continued to improve sequentially, while downstream IAA expanded e-titling adoption while reducing aged inventory by 20 per cent."