Polaris Industries (PII) Checks OK but Expected to Guide Down due to Tariffs - Baird

July 9, 2019 9:12 AM EDT
Get Alerts PII Hot Sheet
Price: $69.49 +1.24%

Rating Summary:
    8 Buy, 22 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Baird analyst Craig Kennison reiterated a Neutral rating and $110.00 price target on Polaris Industries (NYSE: PII) after contacting 49 Polaris dealers for end of quarter checks.

The analyst stated "Our checks suggest flat-LSD% retail demand with similar inventory growth in North America. Strength in ORV was partially offset by motorcycle weakness - with weather cited as a major headwind. Polaris appears to be performing well in the channel, but with an expected guidance revision due to tariff issues, we remain comfortable on the sidelines".

For an analyst ratings summary and ratings history on Polaris Industries click here. For more ratings news on Polaris Industries click here.

Shares of Polaris Industries closed at $84.03 yesterday.



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Robert W Baird