Stock Track | BRP Inc. Plummets 5% as Citigroup Maintains Sell Rating and Cuts Target Price

Stock Track2025-03-28

Shares of BRP Inc. (DOOO) plummeted 5.03% during Friday's trading session, following negative analyst actions from Citigroup. The significant drop in stock price comes as investors react to the maintained "Sell" rating and lowered target price for the company.

Citigroup, a major financial services firm, reaffirmed its "Sell" rating on BRP Inc., signaling continued pessimism about the company's prospects. Adding to the bearish sentiment, Citigroup also cut its target price for BRP from $29 to $27, suggesting limited upside potential for the stock in the near term.

The combination of the maintained negative rating and reduced price target has likely sparked concerns among investors, leading to increased selling pressure. As market participants digest this information, the stock's sharp decline reflects growing uncertainty about BRP's future performance and profitability. Investors will be closely watching for any further developments or company updates that might impact the stock's trajectory in the coming days.

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