UPDATE: BMO Capital Upgrades Polaris Industries (PII) to Outperform

January 20, 2021 5:29 AM EST
Get Alerts PII Hot Sheet
Price: $121.16 -1%

Rating Summary:
    14 Buy, 14 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 2 | New: 5
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(Updated - January 20, 2021 5:43 AM EST)

BMO Capital analyst Gerrick Johnson upgraded Polaris Industries (NYSE: PII) from Market Perform to Outperform with a price target of $136.00 (from $100.00).

The analyst comments "We are upgrading the shares of Polaris (PII) to Outperform from Market Perform with a revised target of $136. Strong recreation retail demand is well known. We think the best case for acquiring PII shares is that sales of its off-road products for utility purposes, primarily to farmers, are under-appreciated. We believe the agricultural market is in the early stages of a multi-year cycle. Meanwhile, we think a Biden presidency means we see a stronger likelihood that onerous tariffs could be lifted, offering about +10% potential upside to current EPS estimates."

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 $113.21 yesterday.

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