KeyBanc Raises Polaris Price Target By 7% - Read Why
Portfolio Pulse from Shivani Kumaresan
KeyBanc analyst Noah Zatzkin has reiterated an Overweight rating on Polaris Inc (PII) and raised the price target from $135 to $145. The analyst cited a broad Q2 beat versus consensus with EPS +$0.21 on sales +$73 million. The analyst also raised FY23E EPS to $10.55 (from $10.25) and FY24E stands at $10.85 (from $10.70). PII shares are trading higher by 2.78% at $136.50 on the last check Wednesday.
July 26, 2023 | 6:35 pm
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POSITIVE IMPACT
Polaris Inc's price target has been raised by KeyBanc analyst Noah Zatzkin from $135 to $145. The analyst also raised FY23E EPS to $10.55 (from $10.25) and FY24E stands at $10.85 (from $10.70). PII shares are trading higher by 2.78% at $136.50.
The raised price target and EPS estimates by KeyBanc analyst Noah Zatzkin are positive indicators for Polaris Inc. This is likely to instill confidence in investors and could potentially drive the stock price up in the short term. The fact that PII shares are already trading higher further supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100