Scotiabank analyst Jonathan Goldman last night resumed coverage of Boyd Group Services (BGSI) with an Outperform rating and C$264 price target The firm says Boyd’s actions taken over the past year to reduce costs and support sales growth should enable the company to hit its five-year targets to double EBITDA regardless of an industry recovery. “That alone is sufficient to drive double-digit share price returns absent a re-rate,” the analyst tells investors in a research note.
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