Boyd Group Services downgraded to Hold from Buy at TD Securities

TD Securities analyst Derek Lessard downgraded Boyd Group Services to Hold from Buy with a price target of C$310, down from C$320. The firm says tougher same-store-sales comparisons a “handful of long-term profitability drivers” are likely to push Boyd’s margin recovery into 2026. It does not believe the stock’s valuation will move higher over the next several months.