Desjardins analyst Benoit Poirier last night upgraded BRP Inc. (DOOO) to Buy from Hold with a price target of C$78, up from C$77. The firm is “impressed” with management’s execution in Q1 and “encouraged” by comments for Q2. With strong free cash flow generation, an attractive valuation and increased confidence that the “worst is over,” Desjardins upgraded the shares.
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