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BRP Inc. upgraded to Buy from Neutral at Citi

Citi analyst James Hardiman upgraded BRP Inc. (DOOO) to Buy from Neutral with a price target of $73, up from $68. Citi also placed a “60-day upside catalyst watch” on the shares. BRP’s retail sales should be strong going forward amid easier comparisons and the rollout of ew products, the analyst tells investors in a research note. The firm believes the shares will rally with higher retail sales.

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