The Globe and Mail reports in its Friday edition that Citi analyst James Hardiman is sticking with his "neutral" recommendation for BRP. The Globe's David Leeder writes that Mr. Hardiman chopped his share target by $11 to $108. Analysts on average target the shares at $134.89. The Globe says that while Mr. Hardiman was encouraged by the re-acceleration in retail sales from March through May, BRP's guidance "puts even more pressure on the back half of the year, an area of concern for investors, many of whom are bracing for a macro slowdown as we work our way through the year." Mr. Hardiman calls BRP's first quarter 2024 results, reported before the bell on Thursday, a "solid" performance. Mr. Hardiman says in a note: "There is a great deal to like about the BRP story, as the company's powersports portfolio features both defensible leadership positions and substantial market share opportunities. In both cases, BRP's long track record of high-quality products and consistent innovation should (in our view) allow it to gain share for the foreseeable future, even if the market itself is difficult to handicap." BRP reported adjusted earnings per share of $2.38 for the quarter, up 43 per cent year-over-year from $1.66.