Polaris price target raised to $125 from $100 at Truist

Truist analyst Michael Swartz raised the firm’s price target on Polaris to $125 from $100 but keeps a Hold rating on the shares. The company’s Q2 earnings beat and guidance raise were “encouraging”, while its guidance for the second half looks “achievable”, even though the stock’s recent run largely discounts the quarter, the analyst tells investors in a research note. The firm adds that it prefers to have greater confidence that Polaris can sustain recent share gains in FY24 and execute behind long-term margin targets before turning more constructive.