In a report today, Morgan Stanley’s Megan Alexander downgraded Polaris (PII – Research Report) to Hold, with a price target of $60. 00. The company’s shares closed last Friday at $55. 49.
Alexander covers the discretionary sector, focusing on stocks such as Vail Resorts, Planet Fitness and Brunswick. According to TipRanks, Alexander has an average return of 5. 2% and a good luck rate of 54. 39% in stocks.
In addition to Morgan Stanley, Polaris also picked up a stake from Bank of America Securities’ Alexander Perry in a Jan. 13 report. However, on January 17, D. A. Davidson maintained a Buy rating on Polaris (NYSE: PII).
The marketplace cap of PII is lately $3. 09 billion and has a P/E ratio of 15. 54.
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Polaris Inc. engages in designing, engineering, and manufacturing powersports vehicles. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, MN.
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