DA Davidson lowered the firm’s price target on Polaris (PII) to $69 from $87 and keeps a Buy rating on the shares. The firm’s checks on Off-Road Vehicle – ORV – retail trends suggest Q4 was “challenged”, and heading into the company’s earnings, DA Davidson anticipates a below-consensus FY25 earnings guidance, creating an unattractive setup entering the print, the analyst tells investors in a research note.
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