The Globe and Mail reports in its Wednesday edition that National Bank analyst Cameron Doerksen is sticking with his "outperform" recommendation and $143 share target for BRP. The Globe's David Leeder writes that analysts on average target the shares at $133.39. While acknowledging investors "remain concerned" about macroeconomic conditions, Mr. Doerksen sees BRP "well positioned for growth" ahead of the Sept. 7 release of its second quarter 2024 financial results. Mr. Doerksen says in a note: "While retail demand for powersports in Q2 looks to be solid, we expect some softening as we move into H2 but also expect the company to outperform the industry supported by ongoing market share gains and tailwinds from new product introductions. Based on peer group results for calendar Q2, we expect to see solid retail results for BRP in fiscal Q2, noting that the comparable in the quarter is a relatively easy one as North American retail sales for the company were down 14 per cent year-over-year in Q2 last year. Recall also that when BRP reported its fiscal Q1 results, management highlighted that retail growth in May (the first month of BRP's fiscal Q2) was up significantly both y/y and versus fiscal 2020 (calendar 2019)."