BMO Capital analyst Gerrick Johnson lowered his price target on Polaris Industries to $105 and kept his Market Perform rating after the company's Q4 earnings, citing disappointing retail performance and weaker than expected FY18 outlook. The analyst notes the 1% decline in North America retail sales despite the ORV industry growth in low-single digits, suggesting that Polaris Industries is struggling with market share declines to more aggressive competitors. He also adds that while the midpoint of FY18 guidance was above consensus, it includes the positive impact of lower expected tax rates.