The Globe and Mail reports in its Thursday, July 6, edition that Scotia Capital analyst Jonathan Goldman says the firm's inaugural powersports dealer survey pointed to a strong second quarter for manufacturers, driven by positive sales growth and a lack of promotional activity. The Globe's David Leeder writes that Mr. Goldman sees upside risk to earnings estimates given those trends. Mr. Goldman has reaffirmed his "sector outperform" recommendation for BRP. He cut his share target to $142 from $145. Analysts on average target the shares at $133.89. Mr. Goldman says in a note: "Our proprietary channel checks reveal that powersports dealers share the same concerns as investors: potential slowdown, higher consumer financing costs, inflation, and expanding inventories. However, the market continues to define 'slowdown' much more negatively than OEMs and front-line dealers -- as well as us. OEMs are still calling for a flattish industry this year and the majority of our survey respondents (60 per cent) expect sales to be flat to up 10 per cent or more over the next six months. Sixty percent of dealers also said current promotions are 'significantly below' (40 per cent) or 'somewhat below' 2019 levels (20 per cent)."