Polaris Inc. is a prominent manufacturer and supplier of a diverse range of motorized recreational vehicles and related products. The company is well-known for its innovative offerings in segments such as all-terrain vehicles (ATVs), snowmobiles, and side-by-side vehicles, appealing to outdoor enthusiasts and adventure seekers. In addition to its flagship vehicles, Polaris also produces motorcycle brands and offers accessories, parts, and apparel to enhance the riding experience. With a focus on performance, safety, and sustainability, Polaris is committed to enriching the lives of its customers through the thrill of outdoor recreation. Read More
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BofA analyst Alexander Perry raised the firm's price target on Polaris to $70 from $60 after the company agreed to sell a majority stake in Indian Motorcycle to California-headquartered private equity firm Carolwood.
Shares of off-Road and powersports vehicle corporation Polaris (NYSE:PII)
jumped 9.4% in the morning session after the company announced plans to sell a majority stake in its Indian Motorcycle brand to the private equity firm Carolwood LP.
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Shares of off-Road and powersports vehicle corporation Polaris (NYSE:PII)
fell 3.2% in the afternoon session after the company initiated a voluntary recall of more than 228,000 helmets due to a safety defect.
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