- 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.
What’s Going On With Boyd Group Services Shares Today
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…
