01:41 PM EDT, 10/18/2024 (MT Newswires) -- BRP launched a process to sell its Marine business.

National Bank views the decision to exit the Marine segment through a sale as the right one for the company, and sees a positive implications for overall company margins as the demand for BRP's core powersports products eventually recovers, writes analyst Cameron Doerksen.

"With the powersports industry still likely to face challenging industry conditions for the next several quarters at least, we keep our Sector Perform rating on BRP shares but have increased our target to $93.00 from $89.00."

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