Information Provided By: 
Fly News Breaks for October 23, 2019
PII
Oct 23, 2019 | 07:30 EDT
Wedbush analyst James Hardiman raised his price target for Polaris Industries to $110 from $105 on bullish tariff commentary. The analyst notes that Q3 was a "fairly mixed quarter," with ORV retail better than feared, weaker than expected boat and motorcycle outlooks, and "excellent" gross margin performance given a myriad of headwinds. Investors seemed to be "somewhat impressed" with these results, he contends, adding that this was amplified by the positive tariff commentary. He reiterates an Outperform rating on the shares.
News For PII From the Last 2 Days
PII
Apr 24, 2024 | 09:48 EDT
PII
Apr 24, 2024 | 09:05 EDT
RBC Capital lowered the firm's price target on Polaris to $97 from $103 and keeps a Sector Perform rating on the shares. The company's Q1 results were "in-line to ahead" of estimates and the management affirmed its guidance, but while Polaris believes the company's inventory is largely healthy relative to the overall industry, dealers view their general inventory as being too high given the weaker retailing environment and higher/rising floorplan financing costs, the analyst tells investors in a research note.
PII
Apr 24, 2024 | 06:38 EDT
Baird lowered the firm's price target on Polaris to $100 from $110 and keeps an Outperform rating on the shares. The firm said they beat expectations and reiterated guidance, but shares fell 2% on persistent inventory concerns. Baird believes the stock seems washed out or close to it, but investors need to be convinced "the last cut" to guidance is in place before buying into the 2026 plan.
PII
Apr 24, 2024 | 06:14 EDT
Citi analyst James Hardiman lowered the firm's price target on Polaris to $96 from $100 and keeps a Neutral rating on the shares. The Q1 upside appears to be a function of expense timing if the reiterated guidance is any indication, the analyst tells investors in a research note. Citi continues to see risk to the remainder of the year, but sees limited downside to shares from here, with its base case implying modest upside over the next twelve months. It believes elevated promotions continue to weigh on the leisure industry.
