TD Securities analyst Brian Morrison lowered the firm’s price target on BRP Inc. (DOOO) to C$65 from C$70 and keeps a Hold rating on the shares. The firm said that BRP’s Q4 results were “roughly in line” with consensus, as was the company’s “high-level view of FY26, excluding tariffs.” TD believes BRP is “nearing an earnings inflection point,” but does not anticipate this should “prove a catalyst at this time.” The firm expects industry valuations remaining depressed until there is more visibility on the state of U.S. tariffs on Canada and Mexico.
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Read More on DOOO:
- BRP Inc. price target lowered to C$64 from C$82 at CIBC
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