The Globe and Mail reports in its Wednesday, Oct. 15, edition that Scotia Capital's Jonathan Goldman believes BRP's recent Investor Day showcased its strong innovation and operations, indicating a positive long-term growth trajectory. The Globe's David Leeder writes that Mr. Goldman, however, advises waiting for a better entry point or reduced macro risks. As a result, Mr. Goldman jacked his share target ahead by $4 to $102. Analysts on average target the shares at $103.31. Mr. Goldman is sticking with his "sector perform" call for BRP. Mr. Goldman says in a note: "The event was very well attended by both sell-side and buy-side. The company presented two sets of targets: (1) M28 (calendar 2027) revenue and EPS of $9.5-billion and $8; and (2) mid-cycle revenue and EPS of $10-billion and $10. M28 targets could prove a low-bar as underlying macro assumptions seem conservative (read: no change in interest rate environment, flat industry, no restocking) while lean value savings alone could add $3.50/share (for context, F2026 EPS guidance is $4.50). Defence is an area of upside as governments increase military spending. The wildcard to us is the competitive environment as we have to imagine peers will fight to maintain/gain share."
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