Polaris rallies on UBS outlook for Indian brand

|About: Polaris Industries Inc. (PII)|By:, SA News Editor

Polaris Industries (PII +3.3%) rallies as UBS raises its price target on the shares to $142 from $121.

"Channel checks indicate strong response to the Indian brand," Analyst Robin Farley says, adding that "it sounds [like] from both mgmt & channel checks that the biggest issue for Indian is supply constraints."

In light of this, UBS is sticking with its current year outlook but sees upside to estimates in 2014.