Polaris price target lowered to $100 from $105 at Truist

Truist lowered the firm’s price target on Polaris to $100 from $105 and keeps a Hold rating on the shares. The company’s Q1 retail volume was strong, but risk mitigation actions have slowed demand in recent weeks and are likely to restrain retail volume over the balance of the year, the analyst tells investors in a research note. Truist also cuts its FY23 EPS view on Polaris by 30c to $10.00 and its FY24 view by 35c to $9.50.