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Fly News Breaks for July 24, 2019
PII
Jul 24, 2019 | 09:14 EDT
Raymond James analyst Joseph Altobello lowered his price target for Polaris Industries to $108 from $115, while reiterating a Strong Buy rating on the shares following the announcement of Q2 results that largely exceeded expectations and as management's revised 2019 guidance was "notably encouraging." Despite significant tariff-related headwinds, the company's core business appears healthy and not fully reflected in valuation, while the company is poised to benefit meaningfully from any trade progress, he contends.
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