While off-road vehicle maker Polaris (PII) has benefited from moving some production to Mexico, Trump’s 25% tariff proposal is primed to add millions in costs, The Wall Street Journal’s John Keilman reports. According to David MacGregor of Longbow Research, the new duties could create $400M in costs for Polaris that would be passed on to consumers. Speaking at an investor conference Wednesday, CEO Michael Speetzen said Polaris is reviewing its sourcing but otherwise is waiting to see what happens.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PII:
- Polaris Announces Leadership Changes with Eastman’s Retirement
- Polaris price target lowered to $76 from $79 at Roth MKM
- Navigating Polaris (PII) Disappointing Q3 Performance
- Polaris price target lowered to $84 from $87 at DA Davidson
- Polaris price target lowered to $73 from $82 at RBC Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
