02:24 PM EDT, 03/28/2024 (MT Newswires) -- BRP reported its fiscal Q4 results.

Key Takeaways:

National Bank's Cameron Doerksen is keeping an Outperform rating on BRP, and lifting his one year target to $112, from $105. Although the powersports industry slowdown is expected to persist through much of F2025, Doerksen continues to see BRP gaining market share and introducing new products, which will position the company well for an eventual end market rebound.

"Furthermore, we would argue that the stock was already pricing in a material market slowdown so the downside for the stock from current levels should be limited with ongoing support from the NCIB likely, in our view."

Price: 90.51, Change: +4.18, Percent Change: +4.84