Wedbush: May Sales Rebound for Polaris Industries

According to a research report this morning, Polaris industries

saw quite a rebound after a sequential drop-off in demand in April. Wedbush stated, “Polaris dealers noted their inventories have risen slightly compared to year-ago levels, when SxS inventories were rather thin. Our dealer feedback certainly did not indicate such rising inventories are a problem; rather, dealers are now better able to satisfy increased consumer demand, particularly for popular SxS models.” Polaris Industries closed yesterday at $72.24 as Wedbush maintains its Neutral rating and $77 PT.