1138 ET - End markets are too soft for BRP to see a good runway to growth. CIBC's Mark Petrie says in a report that the leisurecraft maker remains hurt by excess industry inventory and cautious consumer demand that skews away from its strengths. While management is trying to turn things around with new products and innovation, "we ultimately see a broader demand recovery as the key to more normalized margins and a healthier valuation, and believe this will take time." Meanwhile, tariffs remain a headwind, but these are easing, Petrie says. Still, looking at the broader market, peer inventory levels remain elevated, and non-current units continue to outperform because of the elevated discount programs in place. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 30, 2025 11:38 ET (15:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。