Polaris price target raised to $52 from $33 at BMO Capital

BMO Capital raised the firm’s price target on Polaris (PII) to $52 from $33 and keeps a Market Perform rating on the shares. The company’s Q2 results were better than expected, and the firm’s forward estimates and target price are moving higher as Polaris’s forecast tariff impact was lowered in line with the most recent tariff rates, the analyst tells investors in a research note. The newly introduced Ranger 500 hits the right price-point and the industry channel inventory backdrop continues to improve, BMO added.