{
}
Polaris Inc, which designs and manufactures powersports vehicles, has 88.06% of its stock owned by hedge funds and institutional investors. Recently, Citigroup downgraded the stock from "neutral" to "sell," lowering its price target to $33, indicating a potential downside of 22.46%. Analysts currently rate Polaris as a "Hold," with an average price target of $59.83, while the stock has fluctuated between a one-year low of $39.79 and a high of $100.91.
Citigroup plans to reduce its reliance on external IT contractors from 50% to 20%, focusing on building in-house capabilities. This strategic shift raises concerns for Indian IT firms like TCS, Wipro, and LTIMindtree, which have significant business ties with Citi. Experts suggest that while this may impact larger IT service providers, it could ultimately benefit India's core banking operations and expertise in the long run.
UBS has lowered its price target on Polaris Inc. to $48 from $67 while maintaining a neutral rating. Polaris specializes in the design, engineering, manufacturing, and marketing of powersports vehicles, operating through three segments: Off Road, On Road, and Marine, with a diverse product lineup including side-by-side vehicles, motorcycles, and boats.
Polaris Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
polaris stock downgraded by citigroup amid mixed analyst ratings and market trends
13:11 21.03.2025
citigroup shifts strategy to reduce reliance on external it contractors
United States Dollar
Standard Chartered PLC
Citigroup Inc.
Accenture plc
Polaris Inc.
UWS JP Morgan EM A OSB
Everest Group, Ltd.
LTIMindtree Limited
Citizens, Inc.
Wipro Ltd
IND
Phil Fersht
Don Callahan
Ronak Doshi
Tim Ryan
Show more
08:24 21.03.2025
ubs lowers price target on polaris to 48 maintains neutral rating
16:52 03.02.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Workplace Trends
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Global Trade Developments
Domestic Politics
Government Policies
Startups & Entrepreneurship
Central Bank Actions
Financial Scams and Security
Government Economic Policies
Corporate Social Responsibility
Supply Chain Management
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
UniCredit S.p.A.
Deutsche Bank Money Market PP
Banco BPM S.p.A.
Credit Suisse Lux Digital Healt
Bank of America Corporation
Apple Inc.
UBS Group AG
BNP Paribas SA
The Goldman Sachs Group, Inc.
Commerzbank AG
CREDIT AGRICOLE
Lloyds Banking Group plc
Wells Fargo & Company
Credit Suisse Strategic Income I
Banco Santander, S.A.
Amazon.com, Inc.
SpaceXCoin USD
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Danish Krone
Hong Kong Dollar
Australian Dollar
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Singapore Dollar
Norwegian Krone
Indonesian Rupiah
Russian Ruble
Chilean Peso
United Arab Emirates Dirham
People: