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CIBC Lifts BRP Price Target to $94.00, Keeps Outperformer Rating

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CIBC Capital Markets raised its price target on the shares of BRP (DOO.TO) to $94.00 from $90.00 after the company reported a strong beat for its first-quarter results.

Analyst Mark Petrie, who is maintaining an outperformer rating on the company, said consumer demand held better than expected.

Management provided updated F2027 guidance including the effects of Section 232 tariffs, and metrics were better than feared, Petrie adds.

"While there is still substantial uncertainty on the specific path for tariffs, we believe risk skews in BRP's favour." Even though there is still downside to shares if this does not play out, Petrie believes the risk-reward is favourable, and BRP has levers should the downside scenario materialize.

Price: $79.01, Change: $-1.92, Percent Change: -2.37%

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