What's Going On With Boyd Group Services Shares Today

Boyd Group Services Inc BYD 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.

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