Analyst: Dealers, investors cheer 2014 Polaris lineup
Polaris “met, and perhaps exceeded, high Street expectations for a strong new lineup of 2014 ORVs and Motorcycles” unveiled in Washington, D.C., BMO Capital Markets analyst Gerrick Johnson reports in a research note provided to Powersports Business.
“A new High Performance Sport Side-by-Side, with the highest horsepower and biggest suspension in the industry could renew investor confidence in the company’s side-by-side growth strategy. The company did not unveil its new Indian motorcycle line, but excitement builds at the company and within the dealer base for the August 3 introduction at Sturgis,” writes Johnson, who continues to rate Polaris stock as “Outfperform.”
“We are bullish on PII given its leading position in the hot recreational side-by side (SxS) segment of the off-road vehicle industry (ORV), where the company is expanding its sales in a rapidly growing market. We believe this trend still has a lot of room to run. …” Johnson reports.
Johnson attended a Polaris investor event on Monday and Tuesday in D.C., where investors were able to view the 2014 lineup.
“Each year, it becomes more difficult to impress, but each year Polaris continues to do so,” Johnson writes.