Polaris price target lowered to $65 from $80 at BofA

BofA analyst Alexander Perry lowered the firm’s price target on Polaris (PII) to $65 from $80 and keeps a Neutral rating on the shares. The firm, which sees a challenging environment for the powersports industry through the first half of 2025 as dealers focus on managing inventory levels given high flooring costs and weak sell through, expects headwinds for Polaris given a weak start to snowmobile retail and mix given sell-in of high-priced side by side units last year, the analyst tells investors in a preview for the year ahead in eight leisure sub-verticals.