The Globe and Mail reports in its Wednesday, Nov. 15, edition that CIBC World Markets analyst Krista Friesen has reaffirmed her "neutral" recommendation for Boyd Group. The Globe's David Leeder writes in the Eye On Equities column that Ms. Friesen jacked her share target ahead by $5 to $285. Analysts on average target the shares at $282.38.
Ms. Friesen says in a note: "Much of the focus for Boyd Group has been getting margins back to prepandemic levels. As we noted last quarter, we do believe that Boyd will be able to get back to prepandemic margins; however, we believe that the bar of reaching those margins might be a bit low. It is becoming increasingly clear that the opportunity for Boyd within scanning and calibration could provide a notable boost to margins, and drive them higher than prepandemic levels. With that said, we acknowledge that this is a longer-term opportunity." The Globe reported on April 26, 2022, that Ms. Friesen continued to rate Boyd Group "neutral." The shares could then be had for $159.78.
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