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Actionable news in PII: POLARIS INDUSTRIES Inc,

Polaris (PII) Stock Downgraded at KeyBanc After Cutting Full-Year Forecast

NEW YORK (TheStreet) -- Shares of Polaris Industries (PII) were sliding 5.37% to $76.50 on heavy trading volume midday Monday after the company slashed its full-year profit outlook, causing KeyBanc Capital Markets to downgrade the stock.

The firm cut its rating on shares of the off-road vehicle maker to "sector weight" from "overweight" after the reduced guidance, MarketWatch reports. KeyBanc had been "overweight" on the stock for at least three years.

The Medina, MN-based company cited delays in fixing recalled RZR trail vehicles after reports of fires.

The extent of the repair on the RZR...