Wedbush Ups PT On PII To $134

Wedbush has raised its price target on Polaris Industries PII from $129 to $134 after poitive channel checks on the company. In the report Wedbush writes, “Channel checks of ATV dealers point to improving sales trends, driven partly by increasing availability of consumer financing alternatives. Having surveyed roughly 50 all-terrain vehicle (ATV) dealers around the country, we came away with encouraging feedback regarding improving industry conditions for ATVs, particularly in the faster growing side-by-side segment (as opposed to single-seat ATVs). Numerous dealers cited improving availability of consumer financing as a key driver to recent sales trends.” Wedbush maintains an Outperform rating on the stock. PII closed at $99.73 on Friday.