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Fly News Breaks for October 21, 2015
HOG
Oct 21, 2015 | 08:53 EDT
As noted earlier, BMO Capital downgraded Harley-Davidson to Market Perform from Outperform. After the company reported weaker than expected Q3 results and said it would look to improve its products, BMO Capital thinks the company may be facing structural issues that will take a significant amount of time to fix. The firm says the company needs to develop better products, but that it will take a significant amount of time to do so. Target to $54 from $76.
News For HOG From the Last 2 Days
HOG
Apr 23, 2024 | 06:56 EDT
Morgan Stanley assumed coverage of Harley-Davidson with an Overweight rating and $50 price target. Harley-Davidson is an iconic brand with leading market share in the U.S. motorcycle industry and "a fiercely loyal customer base," says the analyst, who believes a refocused strategy under new leadership, along with strong capital allocation discipline, will lead to upside to consensus earnings estimates.