Seaport Initiates Polaris (PII), Cites Strong Outdoor Demand and Better Dealer Backdrop

Group 1 - Polaris Inc. is recognized as one of the 14 Best Mid Cap Dividend Aristocrat Stocks to buy now [1] - Seaport Research initiated coverage of Polaris with a Buy rating and an $83 price target, citing strong outdoor demand and improving dealer conditions in the powersports market [2] - Polaris is viewed as undervalued, with the market not fully recognizing its earnings potential [2] Group 2 - Polaris announced plans to sell a majority stake in Indian Motorcycle to Carolwood LP, which generated approximately $478 million, or about 7% of Polaris' revenue, over the trailing twelve months ended June 30, 2025 [3] - The transaction is expected to increase annualized adjusted EBITDA by about $50 million and add roughly $1.00 to adjusted EPS, with closing anticipated in Q1 2026 [4] - Polaris intends to retain a small equity stake in Indian Motorcycle post-transaction and is confident in the brand's future under new ownership [4]