BRP Inc. price target lowered to $75 from $80 at Citi

Citi lowered the firm’s price target on BRP Inc. to $75 from $80 and keeps a Buy rating on the shares. The company slashed fiscal 2025 guidance amid retail weakness and heightened competitive headwinds, both of which management expects to continue through at least the first half of fiscal 2026, the analyst tells investors in a research note. The firm says that despite the cut to guidance and estimates, it believes “we are close to trough earnings at this point.” BRP has been “exceedingly prudent in its management of the business in the current environment, an approach we believe will set the company up well once retail demand improves,” contends Citi.