Polaris price target lowered to $92 from $96 at Truist

Truist lowered the firm’s price target on Polaris to $92 from $96 and keeps a Hold rating on the shares after its Q1 results. While the management has reiterated its FY24 outlook, the firm warns that this may not fully put to rest investor concerns regarding dealer inventory levels, market share, and ultimately, full year guidance, the analyst tells investors in a research note. Truist adds however that it remains positive on the stock over the long-term and acknowledges that shares are “not expensive”.