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Fly News Breaks for October 24, 2018
PII
Oct 24, 2018 | 08:01 EDT
BMO Capital analyst Gerrick Johnson lowered his price target on Polaris Industries to $90 and kept his Market Perform rating after its Q3 results, saying that while earnings topped consensus, revenues were at the low end of expectations. The analyst further points to shares coming under pressure amid concerns over the impact of tariffs and the lack of guidance around the expected trade impact in 2019. Johnson states that "investors may be assuming the worst", but the management needs to prove them otherwise for the stock price to recover.