Citigroup Maintains Neutral Rating for Polaris: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Polaris PII and lower its price target from $138.00 to $110.00.

Shares of Polaris are trading up 0.46% over the last 24 hours, at $107.07 per share.

A move to $110.00 would account for a 2.74% increase from the current share price.

About Polaris

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America at the end of 2022.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.