In a report released today, from TD Cowen maintained a Buy rating on Boyd Group Services (BYDGF – Research Report), with a price target of C$280.00.
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Cowen’s rating is based on a combination of factors that highlight Boyd Group Services’ strong performance and promising outlook. The firm has demonstrated robust results in the fourth quarter of fiscal year 2025, which have been pivotal in reinforcing investor confidence. Additionally, the company is positioned to benefit from organic growth acceleration, which is a key factor in the Buy recommendation.
Furthermore, Boyd Group Services has identified several opportunities for expansion, as highlighted during their Capital Markets Day. These growth prospects, coupled with a cautiously optimistic near-term outlook despite potential tariff impacts, contribute to the positive sentiment. Overall, the strategic initiatives and solid financial performance of Boyd Group Services underpin Cowen’s Buy rating.
In another report released on June 10, Stephens also initiated coverage with a Buy rating on the stock with a $240.00 price target.