BRP Inc. (DOOO) PT Lowered to $88 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the price target on BRP Inc. (NASDAQ: DOOO) to $88.00 (from $96.00) while maintaining a Buy rating.

The analyst comments "BRP shares traded higher after beating 3Q25 earnings expectations and raising its FY25 guidance following the planned exit of its less profitable Marine business. While BRP is still in an inventory rationalization period, the company has made significant progress towards its FY25 goal of reducing field inventories by 15%-20%. With prudent destocking and potential upside from improved retail, we are maintaining our BUY rating and lowering our PT to $88 (vs. our previous $96 PT), which is based on a P/E multiple of 16.0x our FY26E: $5.50 (-$0.50 vs. $4.95 Consensus)."

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