Polaris price target lowered to $82 from $97 at RBC Capital

RBC Capital lowered the firm’s price target on Polaris to $82 from $97 and keeps a Sector Perform rating on the shares. The company’s Q2 results missed expectations, its 2024 guidance was cut, and its 2026 targets were pushed out, the analyst tells investors in a research note. The stock’s mid-single-digit decline reflects some investors having expected this print, though the firm continues to remain cautious on the timing of a potential or eventual recovery, RBC added.