RBC Capital lowered the firm’s price target on Polaris (PII) to $34 from $54 and keeps a Sector Perform rating on the shares. The company’s Q1 earnings missed estimates, promotional activity was elevated, and guidance was withdrawn due to the uncertainties surrounding tariffs, the analyst tells investors in a research note. Consumer discretionary sales are still weak amidst the uncertain operating backdrop, RBC added.
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Read More on PII:
- Polaris price target lowered to $33 from $40 at Baird
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- Polaris sees Q2 revenue $1.6B-$1.8B, consensus $1.82B