BMO on Boyd Groups Q4

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BMO on Boyd Groups Q4

, MT Newswires - 1:44 PM ET 3/20/2025 default

01:44 PM EDT, 03/20/2025 (MT Newswires) -- BMO notes that despite Boyd Group's fourth-quarter results coming in better than Street expectations, management continues to be cautious around near-term claims volume given consumer/macro headwinds.

Boyd also provided first-quarter guideposts that were below the Street (SSS has improved over the first two months of the quarter but still down y/y with no major inflection expected in March), BMO adds.

However, long-term trends remain favorable, with the company's new 2029 targets providing a roadmap as industry demand volume normalizes.

Target raised to $280. Maintain Outperform.

Price: 213.00, Change: -3.78, Percent Change: -1.74

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