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Fly News Breaks for April 24, 2019
PII
Apr 24, 2019 | 08:01 EDT
Wells Fargo analyst Timothy Conder raised his price target for Polaris to $110 from $90, while reiterating an Outperform rating on the shares. The analyst notes that shares were lower post-Q1 release as EPS upside was overshadowed by concerns on ORV market share loss, ongoing TAP/Slingshot issues, and questions on achieving 2019 Motorcycle growth targets. However, Conder believes these concerns are largely discounted at current levels with potential material upside from China tariff resolution and FX.
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