0913 ET - BRP is still struggling from macro trends and TD Cowen's Brian Morrison says in a report that he's watching closely for an earnings inflection point. The analyst says it's been two years since TD Cowen downgraded BRP on concerns of weakening consumer demand, bloated dealer inventories and deferred restock, among other things. He says the thesis appears to have played out, with BRP nearing trough earnings. "That said, we still require evidence upon a recovery in consumer demand/dealer sentiment, that we view as the next likely share price catalyst," Morrison says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 20, 2025 09:13 ET (13:13 GMT)
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