Research
BRP Price Target Raised By C$6 at Desjardins
Desjardins raised its price target on BRP Inc. (DOO.TO) to C$103 from $97 on Monday.Analyst Benoit Poirier maintained a Buy rating on shares of the Canadian recreational vehicle manufacturer."1Q FY27 beat expectations, and we view the updated guidance and mitigation plan positively," Poirier said in a note to clients."Guidance includes a $500-550 Million tariff headwind, partly offset by a $200 Million mitigation plan," the analyst said."2Q FY27 guidance is below expectations, mainly due to timing impacts from weather and mitigation benefits weighted to 2H," Poirier said."We are encouraged by BRP's balance sheet, premium positioning and supportive trends."(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)
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