TD Cowen analyst Brian Morrison has maintained their neutral stance on DOOO stock, giving a Hold rating today.
Brian Morrison has given his Hold rating due to a combination of factors influencing BRP’s stock outlook. One significant consideration is the uncertainty surrounding tariffs, which has created a lack of clarity in the company’s future financial performance. This uncertainty makes it challenging to predict the company’s earnings and growth trajectory accurately.
Additionally, while there are grants and loans extending the company’s financial runway into the first half of 2026, there are no significant catalysts expected in the near term that could drive the stock price higher. The fundamentals of the company remain solid, but the absence of immediate growth drivers suggests a cautious approach, justifying the Hold rating.
In another report released today, CIBC also maintained a Hold rating on the stock with a C$64.00 price target.