National Bank analyst Cameron Doerksen downgraded BRP Inc. to Sector Perform from Outperform with a price target of C$100, down from C$109, ahead of the Q2 results on September 6. The firm believes retail demand has remained sluggish and promotional activity activity elevated. As such, the analyst sees a risk that BRP’s guidance will be trimmed further with Q2 results.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOOO: