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BRP Inc. price target raised to C$60 from C$49 at Citi

Citi raised the firm’s price target on BRP Inc. (DOOO) to C$60 from C$49 and keeps a Neutral rating on the shares following the Q1 revenue beat. Despite incremental tariffs, macro uncertainty and near-term headwinds from reduced shipments and heightened promotions from competitors on non-current units, BRP “has done a commendable job” in its inventory management, which should put the company in a position of relative strength in the second half of the year, the analyst tells investors in a research note.

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