The Globe and Mail reports in its Tuesday, April 2, edition that Stifel analyst Martin Landry has reaffirmed his "buy" recommendation for BRP. The Globe's David Leeder writes that Mr. Landry boosted his share target by $2 to $112. Analysts on average target the shares at $104.41. Mr. Landry says in a note: "In calendar 2024, BRP expects North American powersports retail sales in units to decline by low-single digits percentage year-over-year, and for BRP's retail units to be stable Y/Y assuming market share gains. BRP aims to reduce dealership inventory levels by 10 per cent to 15 per cent in FY25 in response to a slowing consumer demand environment and to protect the profitability of its dealers. This is expected to have a $2.50 negative impact on EPS in FY25. According to management, most of the earnings impact stems from BRP's proactively adjusting dealer inventory levels and not from a weak retail demand environment. Hence, the $2.50 EPS headwind could be characterized as one-time in nature and could translate into a tailwind to EPS in FY26, assuming economic conditions do not deteriorate." The Globe reported on Nov. 22 that Mr. Landry had reaffirmed his "buy" recommendation for BRP when it was worth $100.43.