BRP Inc. (DOOO) PT Lowered to $104 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the price target on BRP Inc. (NASDAQ: DOOO) to $104.00 (from $105.00) while maintaining a Buy rating.

The analyst comments "BRP shares traded lower after beating 1Q25 earnings expectations and cutting their initial FY25 earnings guidance. Although BRP had to cut its FY25 guidance, we view the guidance revision as prudent given current industry inventory dynamics. We were also encouraged by their strong ORV retail performance, with share gains in each product segment. With FY25 EPS expectations reset, we are maintaining our BUY rating and lowering our PT to $104 (vs. our previous $105 PT), which is based on a P/E multiple of 13.0x our FY26E: $8.00."

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