The Globe and Mail reports in its Tuesday, March 26, edition that Desjardins Securities analyst Benoit Poirier is taking a "more cautious approach" on BRP based on a weaker-than-anticipated snowmobile season, however, he continues to see an "attractive" valuation for the Quebec-based powersports manufacturer's shares. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier has reaffirmed his "buy" recommendation for BRP. Mr. Poirier gave his share target a $5 trim to $112. Analysts on average target the shares at $101.94. Mr. Poirier says in a note: "Winter conditions have been challenging. Combined with a tougher consumer spending environment, this translated into lower snowmobile sales, leaving dealers with elevated inventory. We expect BRP to increase promotional activity in 2024 due to the grim snowmobile season, which will hurt FY25 sales (linked to shipments) and margins (operational deleverage combined with more discounts). We now assume normalized fully diluted EPS of $8.46 in FY25, down from $9.06." Mr. Poirier notes BRP's closest peer, Polaris, fell short of expectations with sales projected to decline 5 to 7 per cent year-over-year."