Report
Jaime Katz
EUR 101.80 For Business Accounts Only

Polaris' initial medium-term financial targets imply margin expansion opportunities remain healthy.

Wide-moat Polaris’ fourth quarter was solid, with shipments of snowmobiles and off-road vehicles ticking up 13% and global adjacent market sales rising nearly 20%. And we found the updated medium-term outlook encouraging and mostly achievable. For one, the firm anticipates sales growth to average more than 5% (on an organic basis), but we don’t expect to alter our 4% average top-line growth forecast through 2022, as we still view the environment as secularly slower than in the past (which is unl...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jaime Katz

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