Polaris price target lowered to $120 from $138 at BMO Capital 09:12 PII BMO Capital analyst Gerrick Johnson lowered the firm's price target on Polaris to $120 from $138 but keeps an Outperform rating on the shares. The company's Q3 results topped expectations but management maintained its FY22 guidance, with implication of a reduction in Q4 estimates, the analyst tells investors in a research note. Polaris lost ORV market share and the channel fill appears to be happening faster than expected, but consumer interest, leads, and other signs of desire to purchase remain high, Johnson adds.