CIBC lowered the firm’s price target on BRP Inc. (DOOO) to C$64 from C$82 and keeps a Neutral rating on the shares. The company faces “myriad challenges” in fiscal 2026 due to prospective tariffs and weaker consumer demand, which casts “severe uncertainty” on the near-term outlook, the analyst tells investors in a research note. The firm believes BRP is navigating conditions well, but that the most important variables are out of its control.
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