The Globe and Mail reports in its Friday, Nov. 13, edition that ATB's Chris Murray is keeping his "outperform" call for Boyd Group intact. The Globe's David Leeder writes that Mr. Murray hiked his share target to $280 from $275. Analysts on average target the shares at $277.36. Mr. Murray says in a note: "Same-store sales growth (SSSG) of 2.4 per cent represented significant quarter-over-quarter improvement and Boyd's first quarter of (SSS) growth since Q1/24, with management highlighting improving industry fundamentals and expectations for sequential improvement in SSSG rates in Q4/25. Management was constructive on its outlook with improving same-store trends, the addition of Joe Hudson Collision Center, active M&A conditions, and the ongoing roll-out of Project 360 boding well for the growth and margin outlook heading into 2026. We continue to see an opportunity in Boyd, given valuations combined with an increasingly active M&A pipeline." On Wednesday Boyd posted adjusted earnings before interest, taxes, depreciation and amortization, and adjusted fully diluted earnings per share of $790.2-million, $98.4-million and 62 cents, in-line with Mr. Murray's estimates of $791.1-million, $98.2-million and 73 cents.
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