Baird lowered the firm’s price target on Polaris (PII) to $56 from $64 and keeps an Outperform rating on the shares. The firm updated its model following the Yellowstone Capital Markets event.
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Read More on PII:
- Polaris Faces Industry Recession with Strategic Initiatives Amidst Hold Rating
- Polaris sees Powersports industry 8% lower than pre-Covid averages
- Polaris promotes Matt Winings to SVP, general counsel
- Polaris increases quarterly dividend 2% to 67c per share
- Polaris price target lowered to $60 from $69 at DA Davidson
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