Sporting equipment company Bombardier Recreational Products is the best bet in the outdoor powersports space, according to Citi. Analyst James Hardiman upgraded the stock to buy from neutral on Tuesday and raised his price target by $17 to $128. The firm's new target suggests shares stand to gain nearly 28% from Monday's closing price of about $100. Shares of Polaris are trading 6% higher this year, but the stock has similarly faced steep losses this quarter of about 11.5%. Hardiman lowered his price target on the stock to $110, implying 3.2% upside from its latest close.

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Persons: James Hardiman, Hardiman, — CNBC's Michael Bloom Organizations: Sporting, Bombardier Recreational Products, Citi, Polaris, BRP Locations: North America