Polaris price target raised to $41 from $32 at Roth Capital

Roth Capital raised the firm’s price target on Polaris (PII) to $41 from $32 and keeps a Neutral rating on the shares. While consumer confidence levels have rebounded from February and March, Roth Capital sees no signs of a sustained recovery in retail demand and thinks 2025 will be a “lost” year in both the boat and off-road vehicle industries, the analyst tells investors in a research note. At the same time, the net tariff narrative has become less-draconian over the past few months, Roth says.