The Globe and Mail reports in its Tuesday edition that Stifel analyst Daryl Young has reaffirmed his "buy" recommendation for Boyd Group Services. The Globe's David Leeder writes that Mr. Young boosted his share target to $355 from $295. Analysts on average target the shares at $313.71. Mr. Young says in a note: "We expect a solid Q4/23 and are optimistic for Boyd's prospects in 2024, as it has now flipped the switch from post-pandemic recovery mode to playing offense, investing in both location growth and new scanning and calibration ('S&C') services. In our view, the industry trends favouring Boyd, and the MSO/DRP business model, have arguably never been stronger, and we expect the cadence of industry consolidation to be front-and-center once again in 2024 (the year kicked off with CollisionRight, an 85-plus location MSO, changing PE hands and industry leaders Caliber and Crash Champions both in the market issuing new credit). Furthermore, lingering investor concerns around Boyd's ability to combat industry-wide labour shortages and insurer rate pressures appear to have abated, and the narrative has flipped from 'Can Boyd ever get back to prepandemic margins?' to, "How high can Boyd's margins go with S&C?."