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Polaris Industries Jumps After Upgrade

Stock quotes in this article: PII  

NEW YORK (AP) — Shares of leisure-vehicle maker Polaris Industries Inc. climbed Friday morning after an analyst said the company was undervalued, citing its potential to build its military business and expand to new markets. He upgraded his rating on the stock.

R.W. Baird analyst Craig Kennison said in a note to investors Friday that Wall Street estimates for the company's 2009 earnings are too low, while its shares are still well-priced despite nearly doubling from March lows.

Shares of Polaris, which makes snowmobiles, off-road vehicles and motorcycles, rose 9.8 percent, or $2.79, to $31.37 in morning trading. ...

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