Polaris price target lowered to $100 from $108 at RBC Capital

RBC Capital analyst Sabahat Khan lowered the firm’s price target on Polaris to $100 from $108 and keeps a Sector Perform rating on the shares ahead of its Q4 results this week. The firm notes that its estimate revisions reflect the uncertain macro backdrop and commentary from BRP Inc. at its Q3 reporting, where the management noted softer Powersports industry trends, the analyst tells investors in a research note.