RBC Capital raised the firm’s price target on Polaris (PII) to $67 from $56 and keeps a Sector Perform rating on the shares. The company reported Q3 results that were in line with preliminary results, though the implied Q4 EPS guidance was below consensus, the analyst tells investors in a research note. Dealer inventory levels are now in a better spot, with Polaris’ unit shipments expected to largely match retail demand going forward, the firm added.
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Read More on PII:
- Polaris price target raised to $70 from $52 at BMO Capital
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