The Globe and Mail reports in its Wednesday, May 24, edition that Stifel analyst Martin Landry continues to rate BRP "buy," with an unchanged share target of $150. The Globe's David Leeder writes that analysts on average target the shares at $135.89. Mr. Landry thinks BRP "offers an appealing risk/reward trade-off." He says, "Current valuation at seven times forward EPS, 45 per cent below historical levels, creates a buffer for a potential industry slowdown and offers investors with a good entry point into a high quality business." For the quarter, Mr. Landry is projecting earnings per share of $2.38, up 44 per cent year-over-year and six cents above the consensus forecast on the Street, and sees further upside after "strong" results from peer Polaris. Mr. Landry says in a note: "Despite a challenging economic backdrop, consumer behavior appears unchanged with Polaris maintaining its full year guidance and expectation for flat industry volumes at retail. BRP will benefit from several tailwinds in FY24, including the introduction of the new Manitou pontoon and from strong market share gains realized in FY23. Full year guidance is front-end loaded, reducing the risk around FY24 guidance."