BRP Inc. price target raised to $51 from $43 at Citi

Citi analyst James Hardiman raised the firm’s price target on BRP Inc. (DOOO) to $51 from $43 and keeps a Neutral rating on the shares. The firm views the “Big Beautiful Bill” interest deduction provision as a potential catalyst for the recreational vehicle industry. The interest deductibility proposed in the Big Beautiful Bill should be viewed by investors as the “potential gamechanger that it is, particularly for the beleaguered RV industry, which would be uniquely positioned to take advantage of such legislation,” the analyst tells investors in a research note. Citi says leisure vehicle companies “have suffered from a great many headwinds this year” that have “conspired to significantly reduce affordability.”