11 stories mentioning DOO
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BRP (DOO) has an average rating of overweight and mean price target of $73.32, according to analysts polled by FactSet.Price: $62.21, Change: $-0.61, Percent Change: -0.97%
BRP (DOO) has an average rating of overweight and mean price target of $73.32, according to analysts polled by FactSet.(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..com/contact-us)
BRP (DOO) shares tumbled 36% on Wednesday after the company on Tuesday suspended fiscal 2027 guidance following a recent amendment to US rules for tariffs on steel, aluminum, and copper imports.Intraday volume topped 3.25 million shares versus the daily average of almost 237,000.ASML Holding (ASML) shares slumped 6.4% after the company issued a Q2 sales outlook below analysts' expectations.Intraday volume topped 2.77 million shares versus the daily average of 1.8 million.Goldman Sachs downgraded SolarEdge Technologies (SEDG) to sell from neutral and cut its price target to $31 from $36.SolarEdge stock fell 13% as intraday volume topped 5.69 million shares, compared with the daily average of 3.42 million.Price: $50.17, Change: $-28.28, Percent Change: -36.05%
Stifel Canada is maintaining its buy rating and $116.00 price target on the shares of BRP (DOO.TO, DOO) despite the company suspending its annual guidance due to changes to the U.S. tariff environment, as "tariffs have proven to be volatile".In a statement, BRP management calculated the impact of the new tariffs could exceed $500 million annually, without any mitigating measures implemented. This represents about 60% of the company's total FY26 EBITDA, writes analyst Martin Landry.The impact should start in the second quarter as most of the products sold in the fiscal first quarter were exported into the United States under a lower tariffs structure, Landry adds."We are not changing our forecast at this point as tariffs have proven to be volatile. The magnitude of the impact is mind-blowing, but it is likely the worst case scenario."Price: $68.29, Change: $-39.75, Percent Change: -36.79%
Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.2%.Stellantis (STLA) stock was up nearly 4% after the company said its Q1 estimated consolidated shipments totaled 1.4 million units, up 12% from a year earlier. Separately, Bloomberg News reported that Stellantis is considering reviving a partnership with Dongfeng Motor, under which the companies would jointly produce cars in Europe and China.BRP (DOO) shares were down more than 26% after the company said it is suspending its full-year 2027 guidance following a recent amendment to US rules for tariffs on steel, aluminum, and copper imports which became effective earlier this month.Mama's Creations (MAMA) shares were up more than 7% after the company posted higher fiscal Q4 earnings and revenue.
US equity futures were mostly unchanged pre-bell Wednesday as traders continue to be optimistic on the possibility of a US-Iran agreement being finalized soon.Dow Jones Industrial Average futures were up 0.1%, S&P 500 futures were flat, while Nasdaq futures were down 0.1%.Negotiations between the US and Iran could resume as early as this week, with the New York Post quoting President Donald Trump as saying it could happen "over the next two days."Traders digested earnings from Bank of America (BAC) and Morgan Stanley (MS), which posted higher Q1 earnings and revenue. Progressive (PGR) also reported higher Q1 net income and net premiums earned.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $95.39 per barrel and US West Texas Intermediate crude 0.4% higher at $91.64 per barrel.The April Empire State manufacturing index, released at 8:30 am ET, came in at 11.0, up from negative 0.2 in March and above estimates compiled by Bloomberg for a reading of 0.0.The March import price index, released at 8:30 am ET, showed a 0.8% month-over-month increase, falling short of estimates compiled by Bloomberg for a 2.3% gain. Export prices increased 1.6%, slightly higher than expectations for a 1.5% gain.The April US housing market index, slated for 10 am ET, is seen coming in at 37 versus 38 previously.In other world markets, Japan's Nikkei closed 0.4% higher, Hong Kong's Hang Seng ended 0.3% higher, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was also 0.1% higher in Europe's early afternoon session.In equities, Bank of America shares were up 1.6%, while Morgan Stanley stock was 2.8% higher. Snap (SNAP) shares were up 7.6% after the company said it planned to cut around 16% of its global workforce, or roughly 1,000 employees.On the losing side, Terawulf (WULF) shares were down 4.7% after the company said late Tuesday that it priced a public offering of 47.4 million shares at $19 each for gross proceeds of about $900 million. BRP (DOO) stock was 26% lower after the company overnight said it suspended its fiscal 2027 guidance following a recent amendment to US rules for tariffs on steel, aluminum, and copper imports.