12:47:51 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



BRP Inc
Symbol DOO
Shares Issued 34,928,191
Close 2023-09-11 C$ 100.01
Market Cap C$ 3,493,168,382
Recent Sedar Documents

Globe says RBC's Khan keeps BRP at "outperform"

2023-09-12 08:18 ET - In the News

The Globe and Mail reports in its Tuesday, Sept. 12, edition that RBC Dominion Securities analyst Sabahat Khan has an unchanged "outperform" recommendation on BRP. The Globe's David Leeder writes in the Eye On Equities column that Mr. Khan gave his share target a $6 boost to $147. Analysts on average target the shares at $135.11. Mr. Khan says in a note: "While Q2 results were generally ahead of expectations, the downward revision to revenue guidance took some focus away from the fact that the Powersports categories continue to trend well and that the normalized EBITDA guidance was reiterated for the full-year (EPS guidance was actually increased). Questions on the earnings call largely centered around the drivers of the varying trends across powersports/marine, and puts/takes on the H2 outlook. The 2023 Marine season has not gone according to initial expectations due to a combination of supply chain issues, poor weather conditions, and the impact of higher interest rates. This drove a meaningful reduction to marine year-over-year revenue growth guidance for F2023, with management now refocusing its efforts on the 2024 season (which we believe is prudent)."

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