The Globe and Mail reports in its Wednesday, Jan. 10, edition that TD Securities analyst Derek Lessard elevated his Boyd Group Services share target to a Street-high $320 from $300, exceeding the $289.79 average. The Globe's David Leeder writes that Mr. Lessard has reaffirmed his "buy" recommendation. Mr. Lessard says in a note: "We raised 2023 EBITDA forecast by approximately 1.5 per cent reflecting higher Q4 margin assumptions. Also, we have moved to the midpoint of our 14.5 to 15.5 times target valuation range (pre-IFRS 16 EBITDA) reflecting our increased confidence around Boyd's growth outlook through 2025. We forecast 14-per-cent revenue CAGR (through 2025) and 23-per-cent EBITDA CAGR given the ongoing margin recovery, making Boyd one of the best earnings profiles in our coverage universe. If Boyd executes against these forecasts, we argue that it should push valuation back up to historical levels." The Globe reported on April 26, 2022, and Nov. 15, 2023, that CIBC World Markets analyst Krista Friesen continued to rate Boyd Group "neutral." The shares could then be had for $159.78 and $250.17. The Globe reported on Dec. 20, 2023, that Ms. Friesen had boosted Boyd to "outperform." It was then worth $272.21.