Polaris price target lowered to $95 from $100 at Baird

Baird lowered the firm’s price target on Polaris to $95 from $100 and keeps an Outperform rating on the shares. Ahead of Polaris reporting Q2 results on July 23, the firm checked with 40 dealers to assess recent trends and found that retail was mixed, while dealers have grown even more frustrated with inventory carrying costs. Polaris already planned to reduce inventory, but the firm’s checks suggest dealers want deeper cuts, so Baird lowered its estimates below guidance, the analyst tells investors in a preview.