Raymond James Maintains Strong Buy on BRP, Raises Price Target to C$125
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello has maintained a Strong Buy rating on BRP (TSX:DOO) and raised the price target from C$124 to C$125.
September 08, 2023 | 12:26 pm
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POSITIVE IMPACT
Raymond James has maintained a Strong Buy rating on BRP and raised the price target, which could lead to increased investor confidence and potential upward movement in the stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. A Strong Buy rating indicates that the analyst is confident about the company's future performance. The increase in the price target suggests that the analyst expects the stock price to rise, which could encourage investors to buy, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100