Citi lowered the firm’s price target on Polaris (PII) to $58 from $71 and keeps a Neutral rating on the shares. The firm dropped the stock’s target multiple citing elevated macro uncertainty. Citi estimates Polaris’ Q1 off-road vehicle retail units rose low-single digits in North America, a slight downtick from the 5% in Q4 but better than the “flattish” outlook management issued at conferences in early March.
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