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Fly News Breaks for April 3, 2019
HOG, PII
Apr 3, 2019 | 08:14 EDT
Longbow analyst David MacGregor lowered his first half of 2019 estimates for Polaris Industries (PII) after his dealer checks showed that off-road vehicle sales faced multiple headwinds in Q1, including weather, price increases, and increasing financing rates. Also, dealers said there was an "underwhelming response" to Polaris' Spring Sales Event, according to MacGregor, who keeps a Neutral rating on the stock. MacGregor added that he expects Harley-Davidson (HOG) again lost share in Q1 to Polaris' Indian motorcycle line.
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