Financial Wire

BRP Downgraded to Neutral at Seaport Research as New U.S. Tariffs Take Effect

-- Seaport Research downgraded its rating on the shares of BRP (DOO.TO) to neutral from buy after the company suspended its 2027 guidance following the April 6 implementation of new tariffs on steel, aluminum and copper imports into the United States.

The revision leads to a 25% tariff on the total value of imported snowmobiles and the majority of off-road vehicles, replacing the previous 50% tariff on applicable metal content only. BRP estimates the potential incremental tariff cost is over $500 million for the year before any mitigation measures.

Seaport cut its FY26 earnings per share (EPS) estimate to $1.50 from $6.50 and 2027 EPS estimate to $2.25 from $8.20.

Price: $68.80, Change: $-39.25, Percent Change: -36.32%

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