Baird Reiterates Outperform Rating on Polaris Industries (PII)

Baird analyst Craig Kennison reiterated an Outperform rating and $85.00 price target on Polaris Industries (NYSE: PII).

The analyst commented: "Dealer checks. We contacted 34 dealers to assess recent trends. Dealers reported weak demand (down MSD-HSD%) as payment-sensitive buyers tighten their belts, largely consistent with our cautious outlook. Meanwhile, dealers expressed slight improvement on inventory concerns, but it will take time to know whether the July cut will prove to be sufficient (we remain below consensus). Net, while the stock feels washed out, we believe investors with shorter horizons should remain cautious until evidence that demand and supply are in balance is clearer."

For an analyst ratings summary and ratings history on Polaris Industries click here. For more ratings news on Polaris Industries click here.

Shares of Polaris Industries closed at $82.25 yesterday.

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