BRP Inc. (DOOO) PT Lowered to $73 at Citi

Citi analyst James Hardiman lowered the price target on BRP Inc. (NASDAQ: DOOO) to $73.00 (from $79.00) while maintaining a Buy rating.

The analyst comments "We are lowering our price target from $107 to $100, which is based on a 10x multiple (far short of the historical multiple of ~15x) of our FY26 EPS estimate. Given the unusually broad range of macro, industry, and company-specific factors that could affect the next 12 months, just as management’s guidance is especially volatile, our target multiple is especially conservative. If the next year plays out as we anticipate, however, we could easily make the argument for a return to a more normalized multiple, which would imply higher potential upside. As such, we are maintaining our Buy rating. (Note all BRP financial figures in this report are shown in C$.)"

You May Also Be Interested In

• ADC Therapeutics (ADCT) PT Lowered to $5 at Guggenheim
• The Elmet Group (ELMT) PT Raised to $21 at Canaccord
• Grocery Outlet Holding (GO) PT Raised to $11.50 at UBS