UPDATE: Feltl & Company Upgrades Arctic Cat to Strong Buy

Feltl & Company raises its rating on Arctic Cat (NASDAQ: ACAT) to Strong Buy from Buy and increases its estimates by $9 to $46 a share following the company's Analyst Day.

Feltl & Company says, "We are raising our ATV revenue by approximately $62mm for Wildcat sales in F2013. We had previously underestimated the potential positive impact of Wildcat sales. With a high MSRP of $16,599 and increased demand from consumers and dealers, we are raising our estimates due primarily to our strong expectations for Wildcat sales."

ACAT closed at $30.79 a share on Thursday.