CIBC Downgrades BRP to Neutral, Lowers Price Target to C$92
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Petrie has downgraded BRP from Outperformer to Neutral and reduced the price target from C$100 to C$92.
September 09, 2024 | 4:22 pm
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NEGATIVE IMPACT
CIBC has downgraded BRP (DOOO) from Outperformer to Neutral, reducing the price target from C$100 to C$92, indicating a less optimistic outlook.
The downgrade from Outperformer to Neutral by CIBC suggests a less favorable view on BRP's future performance. The lowered price target from C$100 to C$92 indicates reduced expectations for the stock's value, which could lead to short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100