Polaris: Tariff Dislocation Creates Deep Value; Strong Buy

We initiate on Polaris (NYSE: PII ) at Strong Buy/$46.81 PT. Polaris Inc. designs, engineers, and markets powersports vehicles and accessories on a global basis across off-road, on-road, and marine. We believe the market is far underestimating the depth - and likely duration - of the tariff shock, which we forecastMoretus Research delivers state-of-the-art, buy-side quality equity research for serious investors seeking clarity, conviction, and alpha. Focused on U.S. public markets, Moretus applies a structu ...