- Boyd Group Services Inc (TSX:BYD) (OTC:BYDGF) price target has been lowered to C$165 from C$188 by BMO Capital analyst Jonathan Lamers. The analyst has a Market Perform rating on the shares.
- Lamers mentions that the Q1 Adjusted EBITDA margin was nearly the lowest, related to a range of industry-wide labor and parts supply challenges.
- He believes there could be a significant upside to the stock if technician capacity improves and margins gradually return to historical levels.
- Lamers states that Boyd has a compelling consolidation strategy for the fragmented North American collision repair industry long-term.
- However, the analyst sees industry challenges, including tight labor and parts markets creating uncertainty around the operating margin outlook.
- Price Action: BYD shares are trading lower by 3.01% at C$131.00 on TSX, and BYDGF is lower by 2.58% at $101.91 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
What's Going On With Boyd Group Services Shares Today
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks