BMO Capital raised the firm’s price target on Polaris to $130 from $110 but keeps a Market Perform rating on the shares after its Q2 earnings beat. The company’s guidance was only slightly increased as supply chain headwinds in the second half of the year are expected to be greater than anticipated, the analyst tells investors in a research note. BMO remains at neutral on the stock given the ongoing marine and recreation ORV retail weakness.
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- Polaris price target raised to $140 from $125 at Baird
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