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BRP Sector Perform Rating, $83 Price Target Maintained at National Bank of Canada

BY MT Newswires | ECONOMIC | 08/29/25 08:57 AM EDT

08:57 AM EDT, 08/29/2025 (MT Newswires) -- BRP (DOO.TO) maintained its sector perform rating and $83 price target at National Bank of Canada, according to a note published on Friday.

The bank maintained the rating and price target as it reviews its model for BRP. But the bank expects to make upward revisions to its forecast, citing the company's better-than-forecast second-quarter results and guidance.

BRP's results include revenue of $1.89 billion that beat the bank's estimate of $1.75 billion and the consensus estimate of $1.79 billion.

Adjusted EPS was $0.92 compared to the bank's projection of $0.42 and the consensus forecast of $0.48.

"We are likely at or even now past an earnings trough for BRP in the current powersports down-cycle and relative valuation for the stock is attractive," National Bank said. "We nevertheless remain cautious as there remains significant uncertainty around how consumer demand will ultimately recover."

BRP on Thursday traded at $79 per share on the TSX.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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