Polaris Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings

Financial Performance - Polaris Inc reported adjusted earnings of 40 cents per share, exceeding market estimates of a loss of 4 cents per share [1] - The company's quarterly sales reached $1.852 billion, surpassing expectations of $1.720 billion [1] - For the third quarter, Polaris anticipates sales between $1.600 billion and $1.800 billion, compared to estimates of $1.671 billion [1] Stock Market Reaction - Following the earnings announcement, Polaris shares increased by 7.8%, trading at $53.32 [1] Analyst Ratings and Price Targets - Baird analyst Craig Kennison maintained a Neutral rating and raised the price target from $46 to $55 [4] - RBC Capital analyst Sabahat Khan maintained a Sector Perform rating and increased the price target from $34 to $56 [4] - MO Capital analyst Tristan Thomas-Martin maintained a Market Perform rating and raised the price target from $33 to $52 [4]