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Fly News Breaks for July 26, 2018
PII
Jul 26, 2018 | 07:25 EDT
Wells Fargo analyst Timothy Conder lowered his price target for Polaris Industries to $125 from $132 after shares slid post Q2 report with concerns over tariffs, channel inventories, and motorcycles. While the analyst believes inventory concerns are overdone, he argues that tariff uncertainty including potential incremental costs into 2019 is the primary concern. He reiterates an Outperform rating on the shares.
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