The Globe and Mail reports in its Wednesday, March 27, edition that Scotia Capital analyst Jonathan Goldman is keeping his "outperform" recommendation for BRP intact. The Globe's David Leeder writes that Mr. Goldman, however, gave his share target a $4 trim to $105. Analysts on average target the shares at $101.72. Mr. Goldman expects investor attention will focus on BRP's full-year guidance when it releases its fourth quarter 2023 financial results on Thursday. In a research report titled Meet Is the New Beat, Mr. Goldman thinks those projections will come close to the Street expectations for earnings before interest, taxes, depreciation and amortization of $1.6-billion, which is a decline of 12 per cent year-over-year. Mr. Goldman says in a note: "That outcome should be viewed positively in the context of the current share price: applying BRP's midcycle multiple of 7.8 times -- arguably conservative given our expectation for trough earnings this year -- the market is pricing in EBITDA of $1.2-billion (down 31 per cent). Our bear case is $1.4-billion (down 19 per cent)." Mr. Goldman thinks top-line estimates from the company could "be conservative" and believes the market is "underestimating margin resilience."