BRP Inc. price target raised to C$137 from C$112 at Desjardins

Desjardins analyst Benoit Poirier raised the firm’s price target on BRP Inc. to C$137 from C$112 and keeps a Buy rating on the shares. The firm believes that BRP’s newly introduced guidance, which was below expectations, “does not reflect the strength of the base business, and are merely a “rip the Band-Aid off” reflecting two one-time items.