Wedbush Maintains an 'Outperform' on Polaris Industries (PII), Paises Price Target & Estimates
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Wedbush maintains an 'Outperform' rating on Polaris Industries (NYSE: PII), raises price target from $47 to $58.
Wedbush analyst says, "Raising estimates and price target on upwardly revised guidance and Q3 beat, reflecting continued SxS market share gains, lower commodity costs, and leaner dealer and factory inventories...EPS upside driven by margin expansion from lower commodity costs and reduced selling and marketing spend...Loan approval rates show continue sequential improvement...Raising estimates to reflect continued share gains and margin expansion."
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