Polaris price target lowered to $54 from $65 at RBC Capital

RBC Capital lowered the firm’s price target on Polaris (PII) to $54 from $65 and keeps a Sector Perform rating on the shares. The analyst notes the company’s below-consensus FY25 guidance but also sees potential for an improvement in trends in the second half of the year and onward, though the near-term headwinds that are expected to persist through the first half are keeping the firm “on the sidelines”, RBC tells investors in a research note.