Wednesday’s analyst upgrades and downgrades

Desjardins raised its BRP (TSE:DOO) price target to C$103 from C$97 and kept a “buy” rating, implying 27.95% upside versus the prior close, according to BayStreet.CA. Other analysts adjusted targets: Scotiabank to C$83, National Bank to C$84, BMO to C$120, Canaccord cut to C$90, and Raymond James to “market perform.” BRP shares rose to C$80.50.

BRP Inc. reported first-quarter profit for the period ended April 30, 2026 fell to C$127.3 million from C$161.0 million in 2025, citing unfavorable FX on U.S.-denominated long-term debt and higher income taxes, partially offset by higher operating income. Revenue rose to C$2,391.8 million. EPS was C$1.73 vs C$2.19. Normalized net income and EPS increased; 2027 guidance: EPS C$3.00–C$3.50, normalized EBITDA C$925–C$975 million, net income C$215–C$250 million. Shares rose on the day.

The article previews a short U.S. and Canada market week after Memorial Day, highlighting housing, confidence, jobs, and earnings. It lists U.S. EPS results for PDD, AutoZone, Elbit, Salesforce, Synopsys, Marvell, Costco, Dell, and Autodesk, plus Canada banks’ and other firms’ EPS. Key data include S&P Case-Shiller (March), jobless claims and durable goods (May 23/April), and Canada payroll employment and GDP.

Rothschild upgraded Apple to Buy, raising its price target to $400, citing a foldable iPhone launch and AI strategy shift. Wolfe Research remains bullish on AI semiconductor stocks, with Nvidia as its top pick. Bernstein upgraded Analog Devices to Outperform, citing strong results and guidance. Goldman reiterated MongoDB at Buy, expecting Atlas growth near 30%. Deutsche Bank downgraded SentinelOne to Hold after a strong rally.

Suzano, a Brazilian pulp and paper company, has removed three vice-presidents, including a statutory role, and reorganized executive responsibilities. The changes were approved by the board on 12 August 2026, just before the company's second-quarter earnings release. Suzano reported net revenue of R$ 11.6 billion, adjusted EBITDA of R$ 4.7 billion, and net profit of R$ 1.8 billion for Q2 2026. The company is listed as SUZB3 on B3 and SUZ on the NYSE.

Transocean (RIG) stock has risen 94.7% in the past year, with mixed valuation signals. DCF analysis suggests 12.4% upside, while P/S ratio indicates overvaluation. A new $300M contract may support future cash flows, but execution risks remain. The stock scores 2/6 on valuation checks, with bulls citing technical leadership and bears highlighting balance sheet risks.