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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOOO:
- BRP’s Strategic Positioning and Optimistic Outlook Drive Buy Rating Despite Macroeconomic Challenges
- BRP Inc. upgraded to Buy from Hold at TD Securities
- BRP Inc. upgraded to Buy from Hold at Stifel
- Desjardins upgrades BRP Inc. to Buy saying ‘worst is over’
- BRP Receives Buy Rating from Benoit Poirier Amid Strong Financial Outlook and Growth Potential
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue