TD Securities Downgrades BRP to Hold, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
TD Securities analyst Brian Morrison downgraded BRP (NASDAQ:DOOO) from Buy to Hold and lowered the price target from $135 to $110.
June 02, 2023 | 3:52 pm
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BRP (NASDAQ:DOOO) has been downgraded from Buy to Hold by TD Securities, with a reduced price target of $110, down from $135.
The downgrade from Buy to Hold and the reduction in price target from $135 to $110 by TD Securities analyst Brian Morrison indicate a less optimistic outlook for BRP's stock. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100