Stifel Canada Downgrades BRP Inc. (DOO:CN) (DOOO) to Hold, On Valuation

April 6, 2021 10:16 AM EDT
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Price: $91.44 -0.47%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 20 | New: 67
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Stifel Canada analyst Martin Landry downgraded BRP Inc. (DOO:CN) (NASDAQ: DOOO) from Buy to Hold with a price target of Cdn$112.00.

Analyst says: "with BRP's shares trading at a 5-year average valuation multiple of 14x on peak earnings we see less upside than previously and change our rating to a Hold on valuation."

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