Analyst Robin M. Farley from UBS maintained a Hold rating on Polaris and keeping the price target at $58.00.
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Robin M. Farley has given his Hold rating due to a combination of factors influencing Polaris’s performance. The company’s retail growth in Q3 appears to be on an upward trajectory, although it might not reach the high levels some reports have suggested. Despite this improvement, challenges such as tariffs and competitive promotional activities are impacting the overall outlook.
Additionally, while interest rate cuts have occurred, they are unlikely to significantly boost retail demand due to Polaris’s existing rate subsidies. The anticipated positive Q3 retail performance is not expected to translate into positive earnings per share, given the higher tariff expenses and the reinstatement of compensation plans. These elements contribute to a cautious stance, justifying the Hold rating.