Polaris initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of Polaris (PII) with an Equal Weight rating and $52 price target The company is making progress improving the quality of its business, but the demand backdrop “remains poor,” the analyst tells investors in a research note. Wells sees tariffs as a “key overhang” for the stock thinks Polaris’ “share capture debate remains unresolved for now.”