Polaris price target lowered to $53 from $57 at Roth MKM

Roth MKM analyst Scott Stember lowered the firm’s price target on Polaris (PII) to $53 from $57 and keeps a Neutral rating on the shares after its Q4 results and guidance. The quarter was highlighted by continued retail headwinds and production cuts of dealer inventory levels, which collectively led to a significant loss of sales leverage and ultimately translated into 2025 guidance well below what was anticipated, the analyst tells investors in a research note. The firm is lowering its FY25 EPS view to $1.10 from $2.68 due to the bearish outlook provided by management and further industry headwinds, Roth adds.