Wedbush Downgrades Polaris Industries (PII) to Neutral; Increased Competition, F/X, and Weather Impacts
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Price: $64.39 -0.06%
Rating Summary:
8 Buy, 22 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 22 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Wedbush downgraded Polaris Industries (NYSE: PII) from Outperform to Neutral, price target lowered from $68 to $62.
Wedbush analyst says, "Downgrading to NEUTRAL given concerns over: 1. increased competition in side-by-sides (SxS); 2. lack of snowfall this winter hampering the snowmobile industry; and 3. negative impact from the weaker euro. Given these aforementioned factors, we are lowering our 2012 estimates for revenue to $2.83 billion from $2.90 billion, and for EPS to $3.70 from $3.80."
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 $65.32 yesterday.
Wedbush analyst says, "Downgrading to NEUTRAL given concerns over: 1. increased competition in side-by-sides (SxS); 2. lack of snowfall this winter hampering the snowmobile industry; and 3. negative impact from the weaker euro. Given these aforementioned factors, we are lowering our 2012 estimates for revenue to $2.83 billion from $2.90 billion, and for EPS to $3.70 from $3.80."
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 $65.32 yesterday.
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