National Bank analyst Cameron Doerksen upgraded BRP Inc. (DOOO) to Outperform from Sector Perform with a price target of C$125, up from C$105. The company’s Q3 results were ahead of the firm’s and consensus forecasts, while the management also increased its guidance for FY26, the analyst tells investors in a research note. Despite industry ORV still experiencing high levels of non-current inventory and elevated promotional activity, BRP gained market share in both SSV and ATV categories, driven largely by new product introductions, the firm added.
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