An image of a pen on a stock chart
Markets

Polaris Upgraded to “Outperform” at BMO Capital; Near Term Momentum Continues (PII)

All-terrain vehicle and personal watercraft maker Polaris Industries Inc. ( PII ) caught a big upgrade on Tuesday from analysts at BMO Capital Markets.

The firm said it boosted its rating on PII from "Market Perform" to "Outperform" with a $130 price target, suggesting a 29% upside to the stock's Monday closing price of $100.54.

BMO Capital noted the company's new product line instills confidence that its recent near-term momentum is sustainable.

Polaris shares were mostly flat in premarket trading Tuesday.

The Bottom Line

Shares of Polaris Industries ( PII ) have a 1.79% dividend yield, based on last night's closing stock price of $100.56. The stock has technical support in the $92-$100 price area. If the shares can firm up, we see overhead resistance around the $110 price level.

Polaris Industries Inc. ( PII ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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

Created by Dividend.com


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

In This Story

PII

Other Topics

Stocks

Latest Markets Videos