02:28 PM EDT, 03/19/2024 (MT Newswires) -- National Bank previewed BRP's upcoming fiscal Q4 results (March 28).

Key Takeaways:

Analyst Cameron Doerksen is maintaining an Outperform rating on trimmed the price target to $105.00 from $107.00. "Although we expect the powersports industry slowdown will persist through much of F2025, we continue to see BRP gaining market share and introducing new products, which will position the company well for an eventual end market rebound."

With an already strong financial position and solid free cash flow generation expected, National expects BRP to remain active with its NCIB. The company could also announce another substantial issuer bid, which would be supportive of the stock. While investor sentiment around powersports may remain negative in the short-term, Nationals view BRP as a "compelling value play" for longer-term oriented investors.

Price: 83.57, Change: +0.73, Percent Change: +0.88