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Fly News Breaks for January 17, 2020
Jan 17, 2020 | 07:46 EDT
Wedbush analyst James Hardiman downgraded Polaris Industries to Neutral from Outperform with a price target of $95, down from $110. In a research note to investors, Hardiman says the MY20 products have yet to provide a spark and the tariff exclusion process has been excruciatingly slow, and says given the fact that the Q4 print/FY guidance is traditionally a difficult time to own Polaris shares he is taking a step back to get clarification on several points, including trade and margin expansion opportunities.
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