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.
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