Polaris Industries upgraded to Outperform from Market Perform at BMO Capital - InvestingChannel

Polaris Industries upgraded to Outperform from Market Perform at BMO Capital

BMO Capital analyst Gerrick Johnson upgraded Polaris Industries to Outperform from Market Perform and raised his price target for the shares to $99 from $96. The provider of power sports vehicles closed yesterday up 8c to $85.93. The stock is now pricing in a “worst-case tariff scenario,” Johnson tells investors in a research note. The analyst likes the setup for Polaris shares as he thinks there is a higher likelihood of tariffs being reduced or removed than increased. Further, Johnson’s most recent round of channel checks indicates a sequential retail improvement, with dealers citing the “solid” economy and improving weather. Polaris’s customers remain optimistic and off-road vehicle demand improved with the better spring weather, says the analyst.