Citi cuts rating on Polaris, BRP to ‘sell’ on tariff risks
Investing.com -- Citi downgraded Polaris (NYSE:PII) Inc and BRP Inc (NASDAQ:DOOO) to Sell from Neutral given the deteriorating fundamentals, growing tariff risks, and a worsening promotional environment in the U.S. leisure market. Citi cut its price targets to $33 for Polaris and $41 for BRP, warning that potential tariffs on Mexico and Canada could significantly erode earnings.