Truist lowered the firm’s price target on Polaris to $96 from $100 and keeps a Hold rating on the shares. The firm is citing the company’s Q4 earnings miss while noting that although the path to FY24 outlook is not “particularly aggressive”, investors will likely need more comfort in the implied Q2-Q4 earnings ramp and execution around certain “self help” elements for shares to move materially higher, the analyst tells investors in a research note.
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Read More on PII:
- Polaris sees FY24 adjusted EPS down 10%-15%, consensus $8.87
- Polaris reports Q4 adjusted EPS $1.98, consensus $2.60
- Polaris price target lowered to $100 from $108 at RBC Capital
- Polaris price target raised to $97 from $96 at Citi
- Polaris upgraded to Overweight at Morgan Stanley on profitability upside