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Fly News Breaks for October 12, 2015
HOG
Oct 12, 2015 | 06:23 EDT
Longbow downgraded Harley-Davidson to Neutral from Buy following dealer chicks. Analyst David MacGregor said dealer checks indicate Harley-Davidson will not achieve second half 2015 motorcycle growth guidance and management will need to revise forecasts lower. MacGregor said the motorcycle industry is becoming more competitive in regards to pricing and financing, and the most recent 2016 model roll out has underwhelmed a majority of dealers contacted and there is still weakness in the Sportster and Cruiser categories.
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