RBC Capital analyst Joseph Spak lowered his price target on Polaris Industries to $92 and kept his Sector Perform rating, saying the RV demand in Q2 remained impacted by weather factors, which required the company's promo spending to rise. The analyst also notes that while investors initially cheered the easing in U.S.-China trade tensions, the May "Section 301 List 3" escalation of tariffs to 25% was not contemplated by the management's guidance and raises the risk of a revision. Spak also lowers his FY19 and FY20 EPS forecast on Polaris Industries to $5.65 and $6.15 from $6.25 and $6.80 respectively.