Citi analyst James Hardiman initiated coverage of BRP Inc. with a Neutral rating and C$123 price target. The stock is up 44% from the 2022 lows, even as the powersports industry shows signs of slowing, the analyst tells investors in a research note. Citi believes BRP is positioned to be a long-term winner, but says "tactical investors" are likely to seek out better entry points.
Published first on TheFly
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