Polaris price target lowered to $60 from $69 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the firm’s price target on Polaris (PII) to $60 from $69 and keeps a Buy rating on the shares after its results and outlook. Shares traded lower after issuing FY25 guidance that came in well-below Street expectations, though any improvement in underlying fundamentals would provide upside to the initial outlook, the analyst tells investors in a research note.