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Fly News Breaks for October 23, 2018
PII
Oct 23, 2018 | 08:23 EDT
Wells Fargo analyst Timothy Conder lowered his price target for Polaris Industries to $115 from $125, while reiterating an Outperform rating on the shares. The analyst notes that the company's Q3 results and unchanged 2018 guidance are encouraging in light of incremental tariff/trade headwinds and motorcycle challenges. With overall core business fundamentals solid, investors primary focus remains on the magnitude of incremental tariff impact in 2019 with limited appetite to discount 2020 given dispersion of tariff outcomes, he contends.
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