BRP set to improve operating performance with product launches and better manufacturing processes.
Narrow-moat BRP's second quarter tracked closely with our model, as 5% top-line growth was helped by progress in the Year Round segment, thanks to consumer demand for the Commander and Defender. We don’t anticipate a major change to our full-year outlook (that calls for 8% revenue growth), and plan to maintain our CAD 28 fair value estimate, leaving the shares in 3-star territory. The company’s full-year net income outlook bumped up only modestly, to 3%-9% from 2%-8%, as the forecast for Year Ro...BRP is engaged in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Co's diversified portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft ("PWCs"), Can-Am all-terrain vehicles ("ATVs"), side-by-side vehicles ("SSVs") and Spyder roadsters, and propulsion systems composed of Evinrude outboard engines and Rotax engines for jet boats, karts, motorcycles and recreational aircraft. Additionally, Co. supports its line of products with a dedicated PAC business.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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