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Fly News Breaks for June 1, 2018
PII
Jun 1, 2018 | 07:15 EDT
BMO Capital analyst Gerrick Johnson raised his price target for Polaris Industries to $114 from $105 after the company announced plans to buy Boat Holdings for $805M in cash, which he views as "positive" given a very optimistic outlook on the boat and marine market overall. In a research note to investors, Johnson contended that the negative impact on the Polaris brand from its recent recalls was "actually fairly minimal."
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