Scotiabank lowered the firm’s price target on BRP Inc. to C$109 from C$145 and keeps an Outperform rating on the shares. The analyst views the magnitude of the company’s guidance cut and fiscal 2025 commentary as “more precautionary than predicative.” With two months to go in the fiscal year, the company proactively adjusted production to align with softening demand trends in certain regions, the analyst tells investors in a research note.
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