Polaris price target lowered to $53 from $57 at Citi

Citi lowered the firm’s price target on Polaris (PII) to $53 from $57 and keeps a Neutral rating on the shares following the Q4 report. The magnitude of the 2025 guide-down was concerning, with any incremental tariff implications likely sending the full year into a negative territory, the analyst tells investors in a research note. The firm says Polaris “is not out of the woods,” as potential incremental tariffs would not only weigh on what’s left of its near-term earnings power but raise “cascading concerns around dividend cuts and covenant breaches.”