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Actionable news in PII: POLARIS INDUSTRIES Inc,

Polaris Industries (PII) Stock Price Target Lowered at BMO Capital

NEW YORK (TheStreet) -- Polaris Industries' (PII - Get Report) price target was lowered to $115 from $140 at BMO Capital Markets on Friday. The firm maintained its "market perform" rating on the stock.

The Medina, MN-based company's price target was lowered after Polaris reduced its 2015 EPS guidance range on Wednesday. Polaris Industries designs, engineers and manufactures recreational vehicles.

Polaris Industries cut its 2015 earnings forecast to $7.37 to $7.42 per share versus its previous projection of $7.32 to $7.42 per share. This is the third straight quarter that Polaris Industries has lowered its EPS guidance range by raising the low end, but not the high end, BMO Capital said.

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