BofA lowered the firm’s price target on Polaris (PII) to $45 from $55 and keeps a Neutral rating on the shares after the company hosted its 2025 Capital Markets Day on March 12. Following the event, the firm is lowering its calendar year 2026 EPS estimate to $3.45 from $4.25 to better reflect a slower build back to mid-cycle margins and volumes, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PII:
- Polaris price target lowered to $56 from $64 at Baird
- Polaris Faces Industry Recession with Strategic Initiatives Amidst Hold Rating
- Polaris sees Powersports industry 8% lower than pre-Covid averages
- Polaris promotes Matt Winings to SVP, general counsel
- Polaris increases quarterly dividend 2% to 67c per share
Questions or Comments about the article? Write to editor@tipranks.com