Roth MKM lowered the firm’s price target on Polaris (PII) to $76 from $79 and keeps a Neutral rating on the shares after its Q3 earnings miss. The quarter’s increased retail headwinds, elevated promo activity, and lost sales leverage led to a big Q3 miss and slashing of guidance, the analyst tells investors in a research note. On the conference call, the company also pointed to a still soft retail environment across the board and suggested that a flat scenario at retail is “certainly not a given”, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PII:
- Navigating Polaris (PII) Disappointing Q3 Performance
- Polaris price target lowered to $84 from $87 at DA Davidson
- Polaris price target lowered to $73 from $82 at RBC Capital
- Polaris price target lowered to $80 from $90 at KeyBanc
- Polaris price target lowered to $80 from $85 at BofA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
