Roth Capital analyst Scott Stember raised the firm’s price target on Polaris (PII) to $54 from $41 and keeps a Neutral rating on the shares. The firm cites the company’s positive Q3 pre-announcement accompanying its plan to separate the Indian Motorcycle business into a standalone entity and then sell a majority stake to PE firm, Carolwood LP, the analyst tells investors in a research note. Polaris’s Q3 results are expected to be better than originally expected amid improving retail trends, aided by the resumption of share gains, as dealers have completed the purging of once bloated levels of competitor product, the firm added.
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