These Analysts Increase Their Forecasts On BRP After Q2 Results

Financial Performance - BRP Inc. reported quarterly earnings of 67 cents per share, exceeding the analyst consensus estimate of 33 cents per share [1] - The company achieved quarterly sales of $1.374 billion, surpassing the analyst consensus estimate of $1.310 billion [1] Management Commentary - José Boisjoli, President and CEO of BRP, expressed satisfaction with the second-quarter results, noting they were better than expected in the current macroeconomic context [2] - The company recently held a successful dealer event, unveiling numerous industry-leading products and experiencing a strong upswing in dealer sentiment [2] - Boisjoli highlighted that the timing of new product introductions coincided well with healthier inventory levels [2] Stock Performance - Following the earnings announcement, BRP shares rose by 5.2%, trading at $66.27 [2] Analyst Ratings and Price Targets - CIBC analyst Mark Petrie upgraded BRP from Neutral to Outperformer and raised the price target from C$66 to C$100 [5] - Scotiabank analyst Jonathan Goldman maintained the stock with a Sector Perform rating and increased the price target from C$67 to C$98 [5]