Raymond James Maintains Strong Buy on BRP, Lowers Price Target to C$95
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello has maintained a Strong Buy rating on BRP (TSX:DOO) but has reduced the price target from C$125 to C$95.
December 01, 2023 | 12:34 pm
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Raymond James has maintained a Strong Buy rating on BRP Inc. but lowered the price target from C$125 to C$95, which may influence investor sentiment.
While the Strong Buy rating reaffirms confidence in BRP's fundamentals, the reduction in price target could suggest a tempered outlook on the stock's valuation, potentially leading to mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100