From Financial Modeling Prep: 2024-12-30 17:21:00

Baird analysts lower Polaris Industries (NYSE:PII) price target to $72 from $84, citing challenges in the powersports market due to consumer debt pressures. Dealers report lack of customer activity and stagnant market. Polaris aims to reduce dealer stock by 15-20%, but further cuts may be needed. Global trade policies also pose risks.

Analysts highlight industry struggles as rising debt burdens outpace income growth, leading to decreased interest in powersports products. Polaris working to reduce dealer stock, but challenges persist. Concerns about global trade policies add uncertainty to company operations, compounding existing challenges in the market.

Despite long-term prospects, short-term outlook for Polaris is clouded by economic pressures and risks for dealers. Investors advised to proceed cautiously as industry faces headwinds. Baird analysts maintain Outperform rating on stock, but warn of challenges ahead in powersports market.



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