Wells Fargo Upgrades Polaris Industries (PII) to Outperform; Raising Estimates & PT on Stronger Outlook
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Price: $68.33 -1.67%
Rating Summary:
8 Buy, 22 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
8 Buy, 22 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Wells Fargo upgraded Polaris Industries (NYSE: PII) from Market Perform to Outperform, price target range raised from $84-88 from $76-80.
Analyst, Timothy Conder, said, "We are NOT in the habit of frequently changing ratings, but the better-than-expected sustainability of revenue/earnings power despite strong comparisons and increased competition increases our confidence that PII can generate 15% EPS growth over the next 3 years and in turn deserves a modestly higher multiple. Raising our 2012/13E EPS to $4.08/$4.80 (prior $4.00/$4.52) primarily on higher revenue assumptions of +14.8%/13.0%."
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 $73.13 yesterday.
Analyst, Timothy Conder, said, "We are NOT in the habit of frequently changing ratings, but the better-than-expected sustainability of revenue/earnings power despite strong comparisons and increased competition increases our confidence that PII can generate 15% EPS growth over the next 3 years and in turn deserves a modestly higher multiple. Raising our 2012/13E EPS to $4.08/$4.80 (prior $4.00/$4.52) primarily on higher revenue assumptions of +14.8%/13.0%."
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 $73.13 yesterday.
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