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)
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