Morgan Stanley analyst Megan Alexander Clapp has downgraded Polaris’ (PII) score from overweight to equal weight with a target value of $60 from $81. The year 2025 is expected to be marked by further easing in affordability for clients and Morgan Stanley’s studies on age. The trends suggest an uptick in demand for powersports companies, the analyst told investors in a study note. Still, the company believes the stock can be in a diversity with “absolute affordability still leading the way. “and customer confidence is moderate,” limiting the positive revision to estimates. Even after the expected improvement, prices will remain high, something that is considered a totally discretionary purchase, the company says. It downgraded Polaris and Harley-Davidson “in the absence of conviction that the call will be affected in the near term. “
First published on TheFly, your source for real-time currency news and market developments. Try it now >>
View insider stocks on TipRanks >>
Learn more about information: