Polaris price target raised to $102 from $90 at DA Davidson

DA Davidson analyst Brandon Rolle raised the firm’s price target on Polaris to $102 from $90 but keeps a Neutral rating on the shares. The stock traded higher after the company’s Q4 earnings surprise and above-consensus FY23 EPS guidance, but the firm’s ORV Checks suggest that the outlook is "aggressive", the analyst tells investors in a research note. DA Davidson adds that it would not be surprised if Polaris’s guidance and the underlying retail assumptions are revised lower throughout the year.