BRP Inc. assumed with an Outperform at RBC Capital

RBC Capital assumed coverage of BRP Inc. with an Outperform rating with a price target of C$137, up from C$124. The company is well positioned for growth in both the Powersports and Marine industries given its rich legacy of innovation and track record of delivering against its targets, the analyst tells investors in a research note. The firm adds that BRP should be able to successfully deliver against its medium-term targets, stating that the stock’s current price presents an attractive entry point.