BRP Price Target Lowered to $69 at RBC

MT Newswires Live03-31

RBC Capital Markets lowered its price target on BRP Inc. (DOO.TO, DOOO) to $69 from $99.

Analyst Sabahat Khan maintained an Outperform rating on shares of the Canadian recreational vehicle manufacturer following its quarterly results.

"BRP reported Q4/F25 results that were in line to ahead of consensus, but the company deferred its F26 guidance due to uncertain outlook created by the tariff situation," Khan said in a note to clients.

"Looking ahead, while the industry demand backdrop remains soft, we expect BRP's sales to more closely match retail demand going forward as the company has done a good job of reducing dealer inventory levels over the course of F25," the analyst said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment