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PII

Consumer Sector Update for 12/23/2015: PII,FCAU,BBBY

Top Consumer Stocks

WMT +0.76%

MCD +0.76%

DIS -1.18%

CVS +0.18%

KO +0.80%

Consumer stocks were finishing well off their earlier highs, with shares of consumer staples companies in the S&P 500 still maintaining a 0.6% advance while shares of consumer discretionary firms in the S&P 500 were adding about 0.4% in recent trade.

In company news, shares of snowmobile maker Polaris Industries ( PII ) was higher Wednesday after analysts at Longbow Research today raised their investment call for the company's stock to Neutral from Underperform.

The upgrade follows Polaris shares last week falling to a two-year low after it slashed its FY15 earning forecast, nearly wiping out its entire growth expectation for the year and also cutting its sales guidance growth range by more than half.

PII shares were up nearly 3% today at $86.55 each, easily from a prior run to $86.97 a share.

In other sector news,

(+) FCAU, CFO Richard Palmer adds chief operating officer responsibilities, effective Jan. 1. He replaces Riccardo Tarantini, who is retiring after more than 35 years at the company.

(-) BBBY, Lowers Q3 EPS guidance to new range of $1.07 to $1.10 from prior outlook of $1.14 to $1.21 per share and lagging Street view by at least $0.07. Telsey Advisory Group cuts price target by $13 to $52 a share; keeps Market Perform rating.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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