Polaris price target raised to $106 from $100 at Jefferies

Jefferies analyst Anna Glaessgen raised the firm’s price target on Polaris (PII) to $106 from $100 and keeps a Hold rating on the shares, citing recent momentum. Glaessgen noted that Ford (F) has filed a patent that was published this month to provide bidirectional charging for recreational vehicles with EVs and thinks that this "eventual optionality should unlock incremental demand," but continues to believe conversion to e-power in the space will be led by segments with "clear justification," such as hunting.