TD Securities lowered its price target on BRP Inc. (DOO.TO) to $70 from $83 on Tuesday.

Analyst Brian Morrison maintained a Hold rating on shares of the Canadian manufacturer of powersports vehicles and propulsion systems ahead of its quarterly results on March 26.

"Elevated dealer inventory levels and 'soft' consumer demand remain key investor focus points, although they have been ongoing for approximately 18 months," Morrison said in a note to clients.

"This raises our interest in identifying an inflection point for earnings and the potential for an expansion of its applied multiple," the analyst said.

"We maintain it is early to get constructive as heightened tariff risk clouds our visibility upon identifiable catalysts."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 57.52, Change: -1.48, Percent Change: -2.51