Raymond James analyst Joseph Altobello upgraded Polaris (PII) to Outperform from Market Perform with a $66 price target. The rating change reflects shifting competitive dynamics in the U.S. powersports industry following new tariffs on imported steel, aluminum, and copper. While both Polaris and BRP (DOO) face higher costs, the impact is expected to be significantly greater for BRP than Polaris, giving Polaris a relative advantage due to its stronger domestic manufacturing base, the analyst tells investors in a research note.
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