Polaris Inc (NYSE:PII) reported better-than-expected second-quarter financial results on Tuesday.
Polaris posted adjusted earnings of 40 cents per share, compared to market estimates of a loss of 4 cents per share. The company's quarterly sales came in at $1.852 billion beating expectations of $1.720 billion.
Polaris said it sees third-quarter sales of $1.600 billion to $1.800 billion, versus estimates of $1.671 billion.
Polaris shares gained 7.8% to trade at $53.32 on Wednesday.
These analysts made changes to their price targets on Polaris following earnings announcement.
- Baird analyst Craig Kennison maintained Polaris with a Neutral and raised the price target from $46 to $55.
- RBC Capital analyst Sabahat Khan maintained the stock with a Sector Perform and raised the price target from $34 to $56.
- MO Capital analyst Tristan Thomas-Martin maintained Polaris with a Market Perform and raised the price target from $33 to $52.
Considering buying PII stock? Here’s what analysts think:
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