Polaris' Short-Term Prospects Are Increasingly Cloudy
PIIPolaris(PII) Seeking Alpha·2024-08-28 21:15
ZargonDesign/E+ via Getty Images Polaris Inc. (NYSE:PII), the off-road & on-road vehicle and marine manufacturer, reported the company’s Q2 results, also slashing the company’s 2024 financial guidance dramatically. Yet, the market has now seemingly priced in the industry’s headwinds, as the stock reacted relatively neutrally to the dramatic cut. With interest rates now starting to decline, the industry could soon start to see better times ahead after 2024 despite some persisting uncertainties. In my pre ...