Polaris price target lowered to $55 from $60 at Truist

Truist analyst Michael Swartz lowered the firm’s price target on Polaris (PII) to $55 from $60 and keeps a Hold rating on the shares. The stock remains a “solid long-term story”, though the company’s FY25/FY26 earnings uncertainty and a lack of actionable catalysts will likely render the stock rangebound for the time being, the analyst tells investors in a research note. Any cooling in tariff rhetoric could serve as a “shot in the arm” to sentiment, even though there is virtually no visibility on this front, the firm added.