In a report released today, Morgan Stanley’s Megan Alexander downgraded Polaris’ (PII – Research Report) score to Hold, with a target value of $60. 00. The company’s shares closed last Friday at $55. 49.
Alexander covers the Consumer Cyclical 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 54.39% success rate on recommended stocks.
In addition to Morgan Stanley, Polaris also earned a hold from Alexander Perry of Bank of America Securities in a Jan. 13 report. However, on January 17, D. A. Davidson maintained a Buy rating on Polaris (NYSE: PII).
PII market cap is currently $3.09B and has a P/E ratio of 15.54.
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Polaris Inc. se dedicated to the design, engineering, and production of sports motor vehicles. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, Minnesota.
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