BRP Inc. price target lowered to C$105 from C$109 at Scotiabank

Scotiabank analyst Jonathan Goldman lowered the firm’s price target on BRP Inc. to C$105 from C$109 and keeps an Outperform rating on the shares ahead of the Q4 report on Friday. The analyst says the focus will be on the fiscal 2025 outlook, which it thinks will be in line with Street expectations for EBITDA of $1.5B. This outcome should be viewed positively in the context of the current share price, the analyst tells investors in a research note.