Polaris light guidance creates buying opportunity, says BMO Capital After Polaris reported in-line Q4 EPS but provided weaker than expected 2014 guidance, BMO Capital thinks the guidance is conservative and expects it to be increased over time. The firm keeps a $155 price target and Outperform rating on the stock.
Polaris Industries upgraded at RBC Capital As noted earlier, RBC Capital upgraded Polaris to Outperform from Sector Perform. After meeting with the company's management, the firm says that issues with Spirit Lake appear to be "under control," increasing its confidence in the company's 2016 motorcycle sales. The firm is now more convinced that the company's gross margin can rise in 2016. It also cited valuation as a reason for the upgrade. Target $158.