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Fly News Breaks for June 10, 2016
PII
Jun 10, 2016 | 07:31 EDT
As previously reported, Longbow downgraded Polaris to Underperform from Neutral and a $70 price target. Analyst David MacGregor said its May dealer survey indicates increased promotional activity versus April and weak ORV sales trends, including continued shares losses for the company. The analyst expects Polaris to report below consensus Q2 earnings and lowered his estimate to $1.10 from $1.15, versus consensus of $1.21.
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